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Question

What is called trade?

A
Only buying of commodities
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B
Only selling of commodities
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C
Buying and selling of commodities
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D
None of these
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Solution

The correct option is D Buying and selling of commodities
Trade may be defined as "an exchange of goods and commodities either within the country or between countries." In simple terms, buying and selling of commodities is called trade and it may be local, regional, national and international.

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