Question

types of goods and services, we export and import are called:​

Answer 1

Answer:

types of goods and services, we import and export are called trades

Answer 2

Answer:

Types of goods and services, we export and import are called  composition of trade.

Explanation:

• Trade is crucial for maintaining a competitive global economy because it promotes innovation and supports the specialisation of markets while also driving down international pricing for goods.

• Access to goods and services that might be cheaper and of greater quality than their domestic alternatives is another benefit of being able to trade.

• Studying a country's imports and exports of products and services is known as composition of trade.

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