What is trade ,international trade and markets
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Trade:
Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. A system or network that allows trade is called a market.
International trade:
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP).
Market:
A market is a medium that allows buyers and sellers of a specific good or service to interact in order to facilitate an exchange.
Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. A system or network that allows trade is called a market.
International trade:
International trade is the exchange of capital, goods, and services across international borders or territories. In most countries, such trade represents a significant share of gross domestic product (GDP).
Market:
A market is a medium that allows buyers and sellers of a specific good or service to interact in order to facilitate an exchange.
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Trade, International trade and markets
Explanation:
- Trade is also known as the buying and selling of articles, goods, and services.
- International trade is the Branch of an economy which deals with the exchange of good and services from foreign countries. or the Purchase of goods and services outside the national borders.
- Markets are the places where goods and services are sold by the seller and purchased by the consumer.
Learn more: International trade
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