GK
INDIAN ECONOMY
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which one of the following terms is used to describe trade between two or more countries?
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Internal trade
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International trade
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External trade
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Local trade
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Explanation:
Detailed explanation-1: -Solution: The term international trade describes the trade between two or more countries.
Detailed explanation-2: -International trade is an exchange involving a good or service conducted between at least two different countries. The exchanges can be imports or exports. An import refers to a good or service brought into the domestic country. An export refers to a good or service sold to a foreign country.
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