Question

define the term trade mention the two components of trade​

Answer 1

Answer:

The exchange of goods among people, states & countries is referred to as trade. Imports and exports are two components of trade.

2 components are:

1. imports

2.Exports .

Answer 2

Trade means where the exchange of goods or services are made in exchange of money, where it helps in earning money with the help of making goods and services available, in a network of service provider and consumer, known as market. In the definition of trade, we need to separate the term sell and purchase or the profit earning.

In the ancient time there was nothing called money, and at those time trade used to be done with the exchange of goods.