define trade in ur own words
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Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services
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Explanation:
Trade can be divided into following two types, viz.,
- Internal or Home or Domestic trade.
- External or Foreign or International trade.
How to Start Trading Stocks
- Acquaint Yourself With the Stock Market.
- Establish Your Purpose For Trading.
- Consider Your Finances.
- Find a Broker and Trading Platform.
- Practice Before Depositing Money.
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. Trade can take place within an economy between producers and consumers.
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