Question

what is trade?Explain international and local trade?​

Answer 1

Answer:

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.

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Answer 2

•The exchange of goods among people, states and countries is referred to as a trade.

•Trade between two countries is called international trade, while trade occurring in a region within the same country is called local trade.

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