What is invisible trade ?
Answer in one sentence
Answers
Answered by
17
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.
Thank me.
Please mark me as Brainliest!!
Answered by
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.
Similar questions
Math,
1 month ago
Hindi,
1 month ago
Social Sciences,
3 months ago
Social Sciences,
3 months ago
Science,
9 months ago