Discuss any three advantages of international business

The advantages of international business are discussed below:

  1. Employment : International business helps in increasing employment opportunities in the export-oriented industries.
  2. Growth of economy : Underdeveloped and developing countries can exploit their unutilised natural resources with the import of technical know how, machinery and equipments from the developed countries.
  3. Optimum utilization of resources : International business leads to international division of labour and specialisation. It reduces wastage of resources resulting from the production of uneconomic goods. The resources are also used efficiently.