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Question
Define trade.
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Solution
Instructions:
- Briefly describe trade
Solution:
- Trade is an act of buying, selling, or exchanging goods and services.
- Trade decides the economic growth of a country.
- Trade can happen by bartering goods and services or by exchanging money.
- Types of trade:
- Domestic Trade: within the country.
- International Trade: between two or more countries.
- Domestic Trade refers to any trade that occurs between individuals or organisations within the country.
- International Trade refers to any trade that occurs between two or more countries.
- Briefly describe trade
- Trade is an act of buying, selling, or exchanging goods and services.
- Trade decides the economic growth of a country.
- Trade can happen by bartering goods and services or by exchanging money.
- Types of trade:
- Domestic Trade: within the country.
- International Trade: between two or more countries.
- Domestic Trade refers to any trade that occurs between individuals or organisations within the country.
- International Trade refers to any trade that occurs between two or more countries.
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