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What is meant by the term trade?

Anonymous

∙ 14y ago

Updated: 9/18/2023

Trade is the transfer of ownership of goods and services from one person to another

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∙ 14y ago

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Question paper for international trade subject for madras university?

what is meant by an international trade

What is the term used to cutoff trade completely?

Trade Embargo.

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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.

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yes

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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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