Question

what is trade?explain the importance of international trade? ​

Answer 1

Explanation:

It is considered the economic barometer for a country. As the resources are spate bound, no country can survive without international trade. Countries have trade relations with the major trading blocks. Exchange of commodities and goods have been superseded by the exchange of information and knowledge.

Answer 2

Answer:

Trade: The exchange of goods among people, states and countries is referred to as trade. Importance: International trade of a country is an index to its economic prosperity. It is considered the economic barometer for a country. As the resources are spate bound, no country can survive without international trade.

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