What does the exchange of goods, i.e,purchase and sale, across geographical boundaries of the countries refers to?
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This definition is of "international trade" .
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The exchange of the goods across the geographical boundaries refers to the GDP rate of the nation.
Explanation:
- GDP rate is one which defines the rate at which an international trade a nation has with other countries.
- If the rate of exchange and selling of the goods with the other countries are higher, this means that the GDP rate is also higher.
- The import and the export activities also refers to the purchase and sell of the products across the geographical boundaries.
To know more:
1) What is International trade?
https://brainly.in/question/4154600.
2) What is foreign trade
https://brainly.in/question/5222348
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