The overriding advantage of home trade over foreign trade is
Answer Details
The overriding advantage of home trade over foreign trade is the accessibility of the seller to the buyer. This means that both the seller and buyer are located within the same country, thus making it easier for them to communicate and conduct business transactions. This proximity also makes it possible for them to quickly resolve issues that may arise during the course of the transaction. In contrast, foreign trade involves buying and selling goods and services between countries, which can be more complicated due to differences in language, currency, culture, laws, and regulations. This can lead to the need for more documentation, longer transaction times, and increased costs.