NCERT Solutions for Class 10 Social Science Geography Chapter 7
Social Science Class 10 Geography
Lifelines Of National Economy 7
Important NCERT Questions Based on new NCERT Books for Session 2022-2023
Questions No: 2 Part: IV
What is meant by trade? What is the difference between international and local trade?
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Trade is buying and selling goods/services. Local trade occurs within a country or region, while international trade involves transactions across national borders, involving diverse regulations, currencies, and market scopes.
Business activity between two or more parties is called trade. The trade within the country is called local trade or domestic trade. The trade between two countries is called international trade.
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