Question

Q 03. What is meant by trade? What is the difference between international
and local trade?
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Answer 1

Answer:

The buying or selling of goods or services between people or countries.

Trade between two countries is called international trade, while trade occurring in a region within the same country is called local trade.

Explanation:

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Answer 2

Answer:

the exchange of goods among people, states and countries is referred to as trade.

trade b/w 2 countries is called international trade whereas trade b/w 2 places within a country is called local trade.