Question

What are the components of trade?

Answer 1

Components of trade

Explanation:

• Trade is the exchange of things or goods among people, companies, states, and countries.
• Export and Imports are the components of the trade.
• Export is when someone provides goods and services to someone else while the import is when someone takes goods and services from someone.
• The contrast between export and import provides the trade stability of a country.
• Imports lesser than exports result in positive stability of trade or its other way around.