1.How does food trade impact the economy?

Question

1.How does food trade impact the economy?

Answer 1

Trade in food mostly allows people who do not grow their own food to eat, and allows people who do grow their own and more to sell some of their product to pay taxes. It makes people who do the trading a lot of money, or they go broke, depending on how successful they are.

One of the aspects of trade that is good and bad at the same time, it induces far more uniformity, far less variety in the products we get, because traders feel a need to specify only standard varieties or varieties that have already attained a high degrfee of acceptance in select markets.