Question

Name the different types of External trade.

Answer 1

It is also known as Foreign trade or International trade. On the basis of sale and purchase of goods and services, external trade can be divided into three kinds. They are: (a) Import trade (b) Export trade (c) Entrepot trade Let us discuss details about them

Answer 2

Explanation:

They are: (a) Import trade (b) Export trade (c) Entrepot trade Let us discuss details about them.

• When the busness firm of a country purchases goods from the firm of another country, it is called Import trade.