Question

the exchange of goods and services known as​

Answer 1

it is called trade (barter system)

Answer 2

The exchange of goods and services is known as​...

The correct answer is :

TRADE

Explanation :

The exchange of goods and services is known as​ 'Trade'

The exchange of goods and services is called trade. Trade is the process in which goods and services are exchanged for the desired profit. Trade is a tradition that has been going on since the development of human civilization. Earlier goods and services were exchanged among themselves i.e. goods were exchanged for goods and services were exchanged. Gradually, money started being exchanged for goods and services.

Trade is a process in which money is exchanged for goods or services. The whole system of the world rests on trade. Because business generates employment, which is very necessary for human beings.

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Choose the correct meaning of organised sector:

(a) It covers those enterprises where the terms of employment are regular.

(b) It is outside the control of the government.

(c) Jobs are not regular.

(d) It provides low salaries.

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which one from the following is related to the tertiary sector? option

A agriculture

B Forestry

C mining

d communication​