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What is international trade? |
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Answer» International trade is an exchange involving a good or service conducted between at least two different countries. The exchanges can be imports or exports. An import refers to a good or service brought into the domestic country. An export refers to a good or service sold to a foreign country. International trade is referred to as the exchange or trade of goods and services between different countries. This kind of trade contributes to and also increases the world economy. The most commonly traded commodities are machinery, capital goods, food, and raw material, etc., |
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