I need a discussion response to my peers discussion post please. See below Trade

Question

I need a discussion response to my peers discussion post please. See below

Trade is "a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods and services between parties" (Investopedia, n.d). Countries have become very dependent on trade in almost all industries. Nations would be heavily affected if all trade with one another were cutoff.

Here is a list of products that might not be able to be obtained any longer if trade were cutoff:

US: cars, prescription drugs, oil, gas, furniture, gold, cell phones, computers, vehicle parts, certain foods, some clothing brands, and more.
Curacao: boats, petroleum, jewelry, beer, bandages, aluminum housewares, cloth articles, centrifuges, wheat flours and more. (OEC, n.d).

Word Count: 154

References:

Investopedia. (n.d). What is Trade? Retrieved June 10, 2018, from: https://www.investopedia.com/terms/t/trade.asp

OEC. (n.d). What Does Curacao Import. Retrieved June 10, 2018, from: https://atlas.media.mit.edu/en/visualize/stacked/hs92/import/cuw/all/show/1995.2016/

Explanation / Answer

In my views, trade is the essence of the existence. It forms the foundation for development of society. Trade helps in maintaining prosperity in the society. Countries identify the aspects in which they lack and the aspects which form their strength. These aspects form the basis of trading. If trading gets cutoff, then the countries need to be self-dependent and the interaction and connect among countries will never happen.

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