Trade is the transfer of ownership of goods and services from one person to another
what is meant by an international trade
Trade Embargo.
The one says the balance of trade, what is meant by that is the outgoing product compared to your incoming product, to be evenly balanced would mean no profit. You want your balance of trade to be more incoming money than outgoing product.
yes
The general term means an equitable exchange between producers and consumers. Historically, many situations, including colonialism and tariffs, have affected trade. The more modern usage was defined by trade organizations that established a system (Fair Trade) beginning in the 1960's. Fair Trade is a trading partnership, based on dialogue, transparency and respect, that seeks greater equity in international trade. This includes economic, economic, and ethical considerations. (see related questions)
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Someone who is learning a trade.
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