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    greater product variety

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    Why is an increase in the number of varieties of a good regarded as a gain from trade?

    Can you think of economic disadvantages associated with greater product variety?

    Please explain in detail.

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    https://brainmass.com/economics/international-investment/greater-product-variety-149691

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    Why is an increase in the number of varieties of a good regarded as a gain from trade?

    First of all any increase in the number of varieties available is an effect of trade liberalization and this will help consumers to find a product which is closer to their needs and this will ...

    Solution Summary

    Results from greater product variety are brainstormed in the solution.

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