What is International trade?
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International trade is all about the exchange of goods as well as services from one country to another.
It is a particular type of trade that contributes in rising of the world economy.
Here, prices along with supply and demand are affected by global events.
There are times when political change may lead towards rise in the cost of the labor.
But international trade has opened the gateway to let people know about best items of the world.
It is a particular type of trade that contributes in rising of the world economy.
Here, prices along with supply and demand are affected by global events.
There are times when political change may lead towards rise in the cost of the labor.
But international trade has opened the gateway to let people know about best items of the world.
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International trade
Explanation:
- International trade refers to the part of the economics which concerned with the exchange of good and services outside the national borders of the country.
- Since ancient civilization this type of trade was happening where people sell and purchase other country's goods and services in the exchange of commodity to commodity like happened in the ancient times although now goods and services are sold based on money.
Learn more: International trade
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