Question

What is invisible trade ?
Answer in one sentence​

Answer 1

Answer:

Explanation:

* Invisible trade refers to an international transaction which does not involve tangible goods, but services, such as consultancy services, insurance, banking, intellectual property, international tourism, etc. In other words, it is the import and export of services between countries.

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Answer 2

Invisible trade refers to an international transaction which does not involve tangible goods, but services, such as consultancy services, insurance, banking, intellectual property, international tourism, etc. ... A country's invisible trade needs to be accounted for while calculating the total balance of trade.