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WHAT IS A TRADE DESCRIBE.?? |
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Answer» Answer: Trade involves the transfer of goods or services from ONE person or entity to another, often in exchange for money. Economists refer to a SYSTEM or network that allows trade as a market. An early form of trade, BARTER, saw the direct exchange of goods and services for other goods and services.[1][NEED quotation to verify] Barter involves trading things without the use of money.[1] When either bartering party STARTED to involve precious metals, these gained symbolic as well as practical importance.[citation needed] Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money (and later of credit, paper money and non-physical money) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade. Explanation: have a nice day mark me brainliest |
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