Question

write short note on trade
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Answer 1

Answer:

Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. ...

An early form of trade, barter, saw the direct exchange of goods and services for other goods and services.

Explanation:

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Answer 2

Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties. Trade can take place within an economy between producers and consumers. International trade allows countries to expand markets for both goods and services that otherwise may not have been available to it. It is the reason why an American consumer can pick between a Japanese, German, or American car. As a result of international trade, the market contains greater competition and therefore, more competitive prices, which brings a cheaper product home to the consumer.




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