What is trade? What are the types of international trade?
Answers
Answer:
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. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services.
There are three types of international trade: Export Trade, Import Trade and Entrepot Trade
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Answer:
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.
There are three types of international trade: Export Trade, Import Trade and Entrepot Trade.
Explanation:
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