Questions tagged [disadvantages of local trade]

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EthereumElite EthereumElite Wed Oct 09 2024 | 6 answers 1258

What are the disadvantages of local trade?

I'm curious, what are some of the disadvantages of relying solely on local trade? Is there a risk of limiting market exposure and missing out on potential global opportunities? Could it also hinder the growth of businesses and economies by limiting access to diverse goods and services? Additionally, how might local trade be affected by geopolitical tensions or natural disasters that could disrupt supply chains? I'm eager to understand the potential drawbacks of this approach.

What are the disadvantages of local trade?

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