ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -Trade refers to the voluntary exchange of goods or services between economic actors. Since transactions are consensual, trade is generally considered to benefit both parties. In finance, trading refers to purchasing and selling securities or other assets.

Detailed explanation-2: -The exchange of goods in return for other goods or services is called Barter System.

Detailed explanation-3: -Trading is the act of buying and selling goods and services for exchange of ideas or profit.

Detailed explanation-4: -Trade is a fundamental economic concept involving the purchase and sale of goods and services, with compensation paid to a seller by a purchaser or the exchange of goods or services between parties. Trade can take place in a producer-consumer economy.

Detailed explanation-5: -Trade is the activity of buying, selling, or exchanging goods or services between people, firms, or countries.