What is Trade? Definition, Nature & Types of Trade

what is trade

Trade is a vital social activity because society requires a constant supply of things to meet ever-increasing, ever-changing, but never-ending human demands. Consumers and countries might be exposed to items and services that are not available in their own country through global trade.

Barter was an early form of trading. The exchange of products and services for other goods and services was known as bartering. Bartering is a method of exchanging goods without the use of money.

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