What is meant by trade? What is the difference between international and local trade?(5 marks)
CBSE class 10 geography...
Answers
Hey mate,...
trade:the action of exchange of goods,capital or services is called trade.
Local trade:the exchange of goods and services in a particular region is local trade.
Example:=trade within a country
International trade:the trade across international borders or territories.
Hope it will help you.
⭐Sai.
Heya ______
What is trade ??
Trade is the practice to selling and the purchasing of goods regarding economic transactions..
Difference between international and local trade ?? _____
• International trade ...
√ It is the selling and purchasing of goods through the cross borders...
√ It is called the trade beyond the boundaries...
√ It consist the exports and imports of goods...
√ It is big level economic transactions....
___
_________
• Local trade ....
√ It is selling and purchasing of goods within the domestic economy....
√ It is called the trade of commodities in the local economy....
√ It consist the normal markets and selling and buying of goods ..
√ It is big but only engaged in one country...
Thank you