What is meant by trade? What is the difference between international and local trade?



Answer to be written in Exam 

  1. Trade is the exchange of goods between people, states, and countries.   
  2. International trade refers to trade between two countries whereas local trade refers to trade that takes place between cities, towns, and villages
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Davneet Singh

Davneet Singh has done his B.Tech from Indian Institute of Technology, Kanpur. He has been teaching from the past 14 years. He provides courses for Maths, Science, Social Science, Physics, Chemistry, Computer Science at Teachoo.