Which is a potential benefit of engaging in trade for a country?

Engaging in trade can lead to more opportunities for economic growth for a country. When countries participate in international trade, they can specialize in the production of goods and services that they can produce most efficiently, often referred to as comparative advantage. This specialization enables countries to increase their overall production and efficiency.

Additionally, trade opens up new markets for domestic producers, allowing them to sell their goods and services to a larger audience. This can lead to increased revenues, which can be reinvested in the economy, fostering innovation and creating jobs. As countries trade, they also benefit from the influx of foreign capital and resources, which can improve infrastructure and enhance productivity.

Consequently, the economic growth generated from trade not only benefits individual businesses but can also lead to improved living standards and overall economic prosperity for the country as a whole.