Question

what is trade?Explain international and local trade?​

Answer 1

ᎿᏒᎯᎠᎬ:-

Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market

ᎨᏁᎿᎬᏒᏁᎯᎿᎨᎾᏁᎯᏝ ᎿᏒᎯᎠᎬ

International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or want of goods or services. In most countries, such trade represents a significant share of gross domestic product (GDP).

ᏝᎾᏨᎯᏝ ᎿᏒᎯᎠᎬ

International trade. When trade takes between states, cities or villages within a city, it is known as local trade. When trade takes place between two countries, it is known as international trade. Local trade does not impact the value of the national currency.