Trade is the exchange of goods or services between individuals, businesses, or countries. It can involve buying and selling products, either domestically or internationally.
Trade can take place through various means such as barter, where goods are exchanged directly without the use of money, or through monetary transactions where currency is used for the exchange.
International trade involves the exchange of goods and services between countries. Countries often engage in trade to obtain products that are not available domestically or to access goods at a lower cost.
Trade can lead to economic growth by allowing countries to specialize in producing goods and services in which they have a comparative advantage. This can lead to increased efficiency and higher productivity.
Trade agreements aim to reduce barriers to trade, such as tariffs and quotas, to promote smoother trade relationships between countries.