Explain five benefits that may accrue to a community that is involved in trading activities. (10 marks)

Benefits that may accrue to a community that is involved in trading activities.

1. There will be an opportunity to utilize available resources that would otherwise have stayed idle/the community will be able to utilize idle resources.
2. There will creation of employment for those engaged in trading activities/ various/different trading action
3. Trade will also lead to expanded / wide markets for goods / services (produced)
4. Variety of goods/services (for exchange will be available giving people a choice/to satisfy different consumer needs.
5. Growing/increased income/earning of income to purchase/continue more goods/services
6. New business/more business opportunities (will be started as people’s needs continue to increase/more business opportunities to provide support services/other services.
7. Increased production of goods/services making more goods/services available to the community/when these meet consumer needs.
8. Entrances specialization/division of labour/improve quality of goods due to exchange of goods/services/which leads to quality goods/services.
9. Improved technology due to exchange of ideas/skills, machinery, employment.
10. Poorer/understanding due to interdependence/interaction.
11. Sale/disposal of surplus goods/services to minimize wastage.
12. Factors goods/services they don’t produce by buying them from others.
13. Improved infrastructure e.g. roads, amenities, railways 

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