ECONOMICS (CBSE/UGC NET)

Detailed explanation-1: -International trade in which countries both import and export the same or similar goods is called two-way (or intraindustry) trade. Two reasons countries import and export the same goods are variations in transportation costs and seasonal effects.

Detailed explanation-2: -International trade is the exchange of goods and services between countries.

Detailed explanation-3: -The Trade between two or more than two countries is termed as the International trade.

Detailed explanation-4: -Export Trade. Export trade is when goods manufactured in a specific country are purchased by the residents of another country. Import Trade. Entrepot Trade.