hlo friends can anyone intelligent person can tell difference between trade and economics
Answers
Answer:
HOME TRADE FOREIGN TRADE
Home trade refers to the trade within the borders of the country. Foreign Trade refers to the trade between two or more countries.
Exchange of Currencies
There is no exchange of currencies takes place in the Home trade because there is a same currency in the country. Foreign Trade involves the exchange of currencies between the nations which are involved in the trade.
Restrictions on transfer of goods
Home trade usually doesn't have any restrictions on movement inside the country. Foreign Trade is subjected to many restrictions on transfer to certain goods to certain countries
Answer:
Trade -
trade is defined as the action of buying and selling goods.
Economics-
the branch of knowledge concerned with the production, consumption, and transfer of wealth.
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