Question

(5) What is invisible trade?​

Answer 1

Answer:

invisible trade, in economics, the exchange of physically intangible items between countries. Invisible trade can be distinguished from visible trade, which involves the export, import, and reexport of physically tangible goods. ... In many developing countries, receipts for invisibles are exceeded by payments for them.

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Answer 2

Explanation:

An invisible trade is a business transaction that occurs with no physical exchange of goods. The transfer of services occurs in invisible trade. In such a case, tourism is an invisible trade. It involves the exchange of services in hotels, restaurants, travel agencies and concerned financial institution. It involves the flow of money even if there is no direct transfer of commodities. Also, many people are connected by the tourism industry.