USA HISTORY

FIRST CONTACTS 28000 BCE 1821 CE

NATIVE AMERICAN HISTORY ORIGINS OF EARLY PEOPLE IN THE AMERICAS

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What does the word trade mean?
A
a formal act held to honor an event or belief
B
The exchange, buying, or selling of goods, resources, or services
C
a system of making or carrying out laws
D
a rectangular shaped home
Explanation: 

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 noun (BUYING AND SELLING) the activity of buying and selling, or exchanging, goods and/or services between people or countries: The country’s trade in manufactured goods has expanded in the last ten years.

Detailed explanation-3: -The words “exchange” and “trade” refer to the same activity–people who have one thing and want a different thing can exchange or trade it voluntarily with each other. The word “exchange” tends to emphasize trades within a single country or locale. The word “trade” tends to emphasize international aspects.

Detailed explanation-4: -The exchange of goods among countries, states and people is referred to as trade. Trade is the movement of goods from the location where it is manufactured to the markets.

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

There is 1 question to complete.