WHAT IS A TRADE DESCRIBE.??
Answers
Answer:
Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.
An early form of trade, barter, saw the direct exchange of goods and services for other goods and services.[1][need quotation to verify] Barter involves trading things without the use of money.[1] When either bartering party started to involve precious metals, these gained symbolic as well as practical importance.[citation needed] Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later of credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade.
Explanation:
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Trade is buying and selling of goods and services in terms of money or worth money.
It comprises transfer of exchange of goods and services for the money’s worth.
The manufacturers produces goods and sells to wholesalers and then to the retailers which is then sold to the consumers.
Trade can be divided into two types i.e. internal or domestic trade or home trade and external or international trade or foreign trade.