Business Studies, asked by Alvinvarghese3369, 11 months ago

Give one word/phrase/term
Buying and selling of goods against money or money's worth

Answers

Answered by deepthideepu65
3

buying and selling of goods against money is called trading

Answered by brokendreams
2

ANSWER:

Trade

EXPLANATION:

   Trade refers to the exchange of goods/services between two or more persons/parties as against money or money's equivalent. In trade, the possession of goods/services is transferred from one individual to another as against "cash or cash equivalents".

  Trade is carried out or takes place either between 2 parties or more than 2 parties. When the buying and selling take place between 2 people, is referred as bilateral trade while trade carried out with more than 2 people is referred to as multilateral trade.

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