ECONOMICS
ENTREPRENEURS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Importing goods
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to buy or sell goods or services
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Exporting goods
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None of the above
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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: -Trade is the activity of buying, selling, or exchanging goods or services between people, firms, or countries.
Detailed explanation-3: -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.
Detailed explanation-4: -What is Trade in Goods and Services? Trade in goods and services between U.S. residents and residents of other countries each month. U.S. sales are exports and U.S. purchases are imports. The difference between the exports and imports is the trade balance.