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Difine trade? Explain different types of trade?
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Difine trade? Explain different types of trade?
Trade in simple terms is buying and selling of products/goods/commodities.

There are two types of trades :
(1) Domestic trade
(2) International trade

Domestic trade is the trade within the boundaries of a country. Transactions are fast as minimal taxes are considered as per the country. Requires only single currency.

International trade is the trade between countries. Transactions are slow as there are taxes on imports and exports. Requires two or more than two currencies.
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Difine trade? Explain different types of trade?
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