Question

meaning of trade and type of trade​

Answer 1

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.

Answer 2

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Trade refers to buying and selling of goods. A trader purchases goods from manufacturers and sells them to consumers. ... Trade is confined to buying and selling of goods and is a part of commerce, which is wider term that includes trade and aids to trade.