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What promotes international trade?
Lets understand trade first.Trade is defined as exchange of goods and services for a price or for another set of goods and services.When such exchange takes place within the boundary of a nation is called domestic trade.When it takes place accross national boundary,it is called intenational trade.International trade is necessitated by inability of a nation to produce certain specified goods and services of its requirement.In such a situation,requirement is fulfilled by importing such goods and services from producing countries.This way, international trade takes place. International trade is also caused by disparities among nations in technological advancement.Technologically advanced nations keep on helping underadvanced nations by their technology.Sale and purchase of goods, services and technology takes place between nations in international trade.
What is difference between industry trade and commerce?
industry is the place where goods are manufactured trade is the related to exchange of goods commerce is related to distribution of goods
What is commerce?
Caring goods from one place to another by investing capital in motive to earn profit. This is called commerce
Exchange of goods between one country and another is called?
Geberally trade. Trade can also take place between individuals in the same country, and isn't affected by the magnitude of the agreement.
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
What is the Definition of trade and explain different types of trade?
Trade is a business in which buying and selling of goods in large number takes place. there are 2 types of trade:External trade which is also called International tradeInternal trade which is also called National trade
What is difference between industry trade and commerce?
industry is the place where goods are manufactured trade is the related to exchange of goods commerce is related to distribution of goods
What promotes international trade?
Lets understand trade first.Trade is defined as exchange of goods and services for a price or for another set of goods and services.When such exchange takes place within the boundary of a nation is called domestic trade.When it takes place accross national boundary,it is called intenational trade.International trade is necessitated by inability of a nation to produce certain specified goods and services of its requirement.In such a situation,requirement is fulfilled by importing such goods and services from producing countries.This way, international trade takes place. International trade is also caused by disparities among nations in technological advancement.Technologically advanced nations keep on helping underadvanced nations by their technology.Sale and purchase of goods, services and technology takes place between nations in international trade.
What is commerce?
Caring goods from one place to another by investing capital in motive to earn profit. This is called commerce
What is A trading posts?
A place where people meet to trade goods
Exchange of goods between one country and another is called?
Geberally trade. Trade can also take place between individuals in the same country, and isn't affected by the magnitude of the agreement.
When money is not used and goods and services are exchanged for other goods and services this system is called?
It's called TRADE BY BARTER.
When goods are imported for the purpose of export it is called what?
This is called home trade.
What are the two kind of trade?
Kinds of Trade: 1. Home Trade: Trade done within the limited of the Country is called Home Trade or National Trade 2. Foreign Trade: Trade done between the two countries is called Foreign Trade or International Trade. The transactions in this type of trade are called Import Trade (if goods purchased from other country) and Export Trade (if goods sold to other country) Two Kinds of Trade: (Rhea P.) 1. Domestic Trade - local buying and selling of goods and services - does not involve the transfer of goods and services that cross national boundaries. 2. International Trade - uses foreign currencies - trades that cross national boundaries much higher risk in deterioration of the goods and products
What are the kinds of trading?
Kinds of Trade: 1. Home Trade: Trade done within the limited of the Country is called Home Trade or National Trade 2. Foreign Trade: Trade done between the two countries is called Foreign Trade or International Trade. The transactions in this type of trade are called Import Trade (if goods purchased from other country) and Export Trade (if goods sold to other country) Two Kinds of Trade: (Rhea P.) 1. Domestic Trade - local buying and selling of goods and services - does not involve the transfer of goods and services that cross national boundaries. 2. International Trade - uses foreign currencies - trades that cross national boundaries much higher risk in deterioration of the goods and products
The triangular trade was an example of trading some good for other good is the name generally you used for this kind of trade is?
The triangular trade was a historical trading system where goods (such as slaves, sugar, and rum) were exchanged between Europe, Africa, and the Americas. This type of trade is commonly known as a "triangular trade" due to the triangular route taken by ships moving between the three continents.
What does monopoly of trade mean?
a fur trade monopoly is the control over fur
