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- Dictionarytrade/treɪd/
noun
- 1. the action of buying and selling goods and services: "a move to ban all trade in ivory" Similar
- 2. a job requiring manual skills and special training: "the fundamentals of the construction trade" Similar
verb
- 1. buy and sell goods and services: "middlemen trading in luxury goods" Similar
- 2. exchange (something) for something else, typically as a commercial transaction: "they trade mud-shark livers for fish oil" Similar
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Jul 9, 2024 · What is International Trade? International trade is the exchange of goods and services between countries. Trading globally gives consumers and countries the opportunity to be exposed to goods and services not available in their own countries, or more expensive domestically.
Jun 27, 2024 · Balance of trade (BOT) is the difference between the value of a country's imports and exports for a given period and is the largest component of a country's...
Jun 27, 2024 · Terms of trade (TOT) is a key economic metric of a country's health measured through what it imports and exports. TOT is expressed as a ratio that reflects the...
5 days ago · Bilateral trade is the exchange of goods between two nations promoting trade and investment by reducing and eliminating trade barriers.
Jun 27, 2024 · International trade refers to the buying and selling of goods and services across international borders. It’s essentially a large-scale barter system where countries exchange what they have for what they need or want. This exchange is broken down into two main components: exports and imports, which ultimately impact a country’s trade balance.
3 days ago · Free tradeis a trade policythat does not restrict importsor exports. In government, free trade is predominantly advocated by political parties that hold economically liberalpositions, while economic nationalistand left-wingpolitical parties generally support protectionism,[1][2][3][4]the opposite of free trade.
6 days ago · The World Trade Organization (WTO) is an international organization established to supervise and liberalize world trade.