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• How juridical person engage in International Trade / business

The juridical individual can choose to take part in international trade after evaluating the foreign market and identify the potential consumers of the goods traded in. the individual can determine the methods of distributing the goods to the foreign market.

The individual can take part in international trade through; through exports, the person can seek foreign markets and be moving the goods to the foreign country. By doing this, the business person can generate foreign currency, which boosts the country's economic growth. Through imports, the business person can purchase goods outside the country and sell them to the domestic country. The businessman engages in this activity when the domestic goods cannot satisfy the consumer demand, and it may be due to high prices or scarcity in supply.

International trade allows countries to consume more goods than they can produce on their own. They can do so by specializing in the production of goods for which they have a comparative advantage. This is true even if the country has an absolute advantage on producing all goods more efficiently than the other countries it can trade with.

Prospects of higher profits.

Prospects for growth.

Way out to intense competition in Domestic market.

Increased capacity of utilization.

Improved business vision.