Economics A-Level
Gains from trade
What Gains from trade means in Economics A-Level, as defined for AQA.
Definition of Gains from trade
Check what you remember
Read the wording for your board, then hide it and explain Gains from trade in your own words. Rough notes are fine. This is a self-check, with no mark or grade.
Reference: AQA
Trading surplus at a mutually beneficial exchange rate, allowing both nations to consume beyond their domestic production possibility frontiers.
Topics that use Gains from trade
- Trade (AQA A-Level)
Related terms
- Comparative advantage
- Deadweight welfare loss
- Economic efficiency
- Economic integration
- Economies of scale
- Export subsidies
- Government tariff revenue
- International trade
Using Gains from trade in the exam
Check the command word and mark scheme for your exact question. After comparing your explanation with the reference, use the term in an answer on the linked topic. This practice does not predict an exam mark.
Practise Economics questions
Create a free account to answer exam-style questions on this topic and get feedback on your answers.
Start free
All Economics A-Level termsA week of Premium from your first lesson · Then the free plan continues · No card, no charge