Question

what is the scope of international trade

Answer 1

International trade is defined as the buying and selling of goods and services between different countries.

The scope of international trade involves different countries in the same continent or different continents.

Answer 2

The market is the one of the most important factors behind the success of a trading business and the market is now distributed into two groups;

1) National market.

2) International market.

The international market and the international consumer base is always bigger than the national market and national consumer base.

That's why big trading companies always want to trade in international markets in order to grab the larger markets to earn the maximum possible profits.

For these reasons international trading is a very important part of the global economy.