menu search
brightness_auto
more_vert
What is meant by trade? What is the difference between international and local trade?
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike

1 Answer

more_vert
 
verified
Best answer
Exchange of goods, commodities or services between people, states or countries is termed as trade. The Products are exchanged between regions of surplus and regions of deficiency.

The exchange of commodities between two or more countries is termed as international trade. While local trade is carried on within cities, towns or villages. Exchange of the items take place in local markets where items of local needs are catered to.
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike

Related questions

thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
1 answer
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
1 answer
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
1 answer
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
1 answer

Subscribe to our Youtube Channel

For amazing tutorial videos, podcasts, hindi tutorials

thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
1 answer
thumb_up_off_alt 0 like thumb_down_off_alt 0 dislike
1 answer

4.1k questions

3.6k answers

50 comments

376 users

...