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What is Meant by Trade? What is the Difference Between International and Local Trade? - Social Science

Answer in Brief

Answer the following question in about 30 words.
What is meant by trade? What is the difference between international and local trade?

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Solution

Trade is the movement of goods and services between regions for economic gain. Trade between two or more countries is termed as international trade, while trade occurring in a region within the same country is called local trade.

Concept: Concept for Trade and Tourism
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APPEARS IN

NCERT Class 10 Social Science Geography (Contemporary India 2)
Chapter 7 Lifelines of National Economy
Q 2.4 | Page 90
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