1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
lions [1.4K]
3 years ago
14

Explain the types of trade?​

English
1 answer:
11111nata11111 [884]3 years ago
4 0

Answer:

The process of buying and selling of goods and services on a market is known as trade. It involves transfer or exchange of goods for money. It is essential for the satisfaction of human needs /wants. Trade is categorized into two types as per it's transportation.They are :

  • Internal Trade
  • External Trade

<h3><u>Internal</u><u> </u><u>(</u><u> </u><u>Home </u><u>)</u><u>Trade</u><u>:</u></h3>

If the trade takes place within the country, it is called internal or domestic trade. The goods and services manufactured in one place may not be available in another place. Therefore, buying, selling or supplying of goods and services takes place from one place to another place with in a country. Example: Supply of vegetables and fruits in the urban areas from villages etc . Hence, the internal trade fulfills the needs of different localities. Internal trade deals with national currency. It is also called as home trade or domestic trade.

<h3><u>External </u><u>(</u><u> </u><u>Foreign</u><u> </u><u>)</u><u> </u><u>trade</u><u>:</u></h3>

If the trade takes place crossing the borders of country between two or more countries is called external Trade. A country has to import the goods and services which are not available within the same country and can export it's surplus goods and services to other countries. This process helps them fulfill each other's demands as well as earn foreign currency. Almost all the countries of the world import or export the goods and services which promote international trade relationship. The external Trade fulfills the national and international needs. It has to deal with the custom duty and payment is to be made in international currency. It is also called as international trade or foreign trade.

Hope this helps...

Good luck on your assignment...

You might be interested in
NEED HELP NOW WILL MARK BRAINLIEST!!!
Kobotan [32]
It shows from the word choice what the author's personality is like.
5 0
3 years ago
Due Today
viva [34]

Answer:

To me it means that people need to understand each other and connect with each other.

Explanation:

It says, "... reach out to the world and bridge cultural and social understanding." It shows that we need to reach out to others and help them.  

3 0
3 years ago
In a class of 30 kids 3 forgot to get their report cards signed. What percentis that
ira [324]

Answer:

10%

Explanation:

8 0
3 years ago
Read 2 more answers
What is paraphasing?
PilotLPTM [1.2K]

Answer:

A paraphrase is a restatement of the meaning of a text or passage using other words. The term itself is derived via Latin paraphrasis from Greek paráfrasis. The act of paraphrasing is also called paraphrasis.

Explanation:

5 0
3 years ago
Read 2 more answers
Descriptive writing<br> persuasive writing<br> autobiographical writing<br> biographical writing
ololo11 [35]

Answer:

The primary purpose of descriptive writing is to describe a person, place or thing in such a way that a picture is formed in the reader's mind. Capturing an event through descriptive writing involves paying close attention to the details by using all of your five senses.

Persuasive writing intends to convince readers to believe in an idea or opinion and to do an action. Many writings such as criticisms, reviews, reaction papers, editorials, proposals, advertisements, and brochures use different ways of persuasion to influence readers.

An autobiography is a non-fiction story of a person's life, written by the subject themselves from their own point of view. Certain autobiographical writing, such as Narrative of the Life of Frederick Douglass, can endure for well over a century and become part of the literary canon.

Biographical writing is a specific form of writing and research that takes as its subject the lives of individuals. As such it concentrates on constructing personal histories, and places them within their social, political and historical context, in order to discover and explain the influences on an individual's life.

Explanation:

8 0
3 years ago
Other questions:
  • How does the author’s uses of different Englishes within the text support the central idea that there is no single correct way t
    13·1 answer
  • How do Grete's feelings toward Gregor change at the conclusion of Part II?
    15·2 answers
  • What is the debate evidence for the outsiders by se Hinton
    9·1 answer
  • What is huncback is all about
    14·1 answer
  • As I was walking, I stumbled upon a beautiful seashell
    15·1 answer
  • Someone please help!!!
    10·1 answer
  • Why does Krakauer cite these letters? How does citing them add to or detract from the text?​
    8·1 answer
  • The following quote:
    5·1 answer
  • Anyone who can help me? I will give points please.
    8·1 answer
  • Brainliest if correct
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!