Question

1. What is meant by trade?What is the difference between international and local trade?​

Answer 1

Explanation:

Trade between two countries is called international trade, while trade occurring in a region within the same country is called local trade.

Answer 2

Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.

The exchange of goods and services between countries and across borders is referred to as an international trade. ... The seller and buyer of the goods are from different countries. Domestic trade or the local trade happens when this business is conducted inside of a country's borders.