What is meant by trade what is different between International and local trades
Answers
Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. A system or network that allows trade is called a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services.
diffrence
international trade
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product.
local trade
local trade, also known as internal trade , is the exchange of domestic goods within the boundaries of a country. This may be sub-divided into two categories, wholesale and retail. ... Retail trade is concerned with the sale of goods in small quantities to consumers. This type of trade is taken care of by retailers.