Question

explain trade and also explain trade followed in india​

Answer 1

Explanation:

While the trade policy covers both imports and exports, its primary objective is to facilitate trade by reducing transaction cost and time, thereby making Indian exports more globally competitive. It aims to: Accelerate economic activity and make the most of global market opportunities.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.