Question

What us External Trade ?

Answer 1

$\huge\mathfrak\red{Elo!}$

- EXTERNAL TRADE -

External Trade refers to the trade between two or more countries

- External Trade involves the exchange of currencies between the nations which are involved in the trade.

- External Trade involves very high transportation costs and risky situations to transfer goods from one country to another.

- External Trade depends upon the seaways and the airways between the countries involved in the trade.

Answer 2

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.