Explain the features of trade .
Answers
Answer:
The term “trade” generally means exchange of goods among different individuals. If such exchange of goods takes place between two individuals or firms of the same country, it is defined as “internal trade”. ... It is the movement of goods and services from one Geographical Boundary to another.
Features
Trade within a nation
Free exchange of goods
Single currency
Simplified trade procedure
Simple taxes
Methods of payments
Low transpotr costs
Free mobility of factors of production
Explanation:
hope it helps you
please follow and mark me as a brainliest
Answer:
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. International trade allows countries to expand markets for both goods and services that otherwise may not have been available to it. It is the reason why an American consumer can pick between a Japanese, German, or American car. As a result of international trade, the market contains greater competition and therefore, more competitive prices, which brings a cheaper product home to the consumer.
Explanation:
You are in which class??