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

Detailed explanation-3: -So, in this blog, we’ll discuss the 3 different types of international trade – Export Trade, Import Trade and Entrepot Trade.

Detailed explanation-4: -There are two major types of trade both of which have two subparts as well: Domestic trade. Wholesale trade. Retail trade.

Detailed explanation-5: -Bartering is the exchange of goods and services between two or more parties without the use of money. It is the oldest form of commerce. Individuals and companies barter goods and services between each other based on equivalent estimates of prices and goods.