Question

List any two features of trade
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Answer 1

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.

Single currency

Simplified trade procedure

Simple taxes

Methods of payments

Low transpotr costs

Answer 2

Answer:

• 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