What are the kinds of trading?

Answer 1

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