Question

what is meant by trade? what is difference between international and local trade..​

Answer 1

Hi Mate,

transportation of materials and goods from one place to another or one country to another country is termed as $<u><b>trade</b></u>$.

the difference between international trade and local trade is that, in international trade, the goods and materials of different kinds are transported from one country to another and in local trade the materials in good's are transported from one state to another or from one region of the same country to another region of same country.

Hope This Helps You.....

Answer 2

1) The exchange of goods, commodities or services within different people, states or countries is called as trade.

2) Local trade is the one which is carried on within the same country in cities, towns or villages. It requires national currency and doesnt help us to earn foreign exchange.

3) International trade is the trade between two or more countries. It requires foreign currency and helps us to earn foreign exchange.