What is international trade? Which are the two types of international

1.	What is international trade? Which are the two types of international trade ? Give one characteristics of each.
Answer» International Trade- The movement of goods and Services from areas of Surplus to deficit area between two countries. The two types of international trade 1. Bilateral trade- The exchanging of good between two countries. 2. Multilateral trade- The exchange takes place between several countries on regular basis.

What is international trade? Which are the two types of international trade ? Give one characteristics of each.

Answer»

International Trade- The movement of goods and Services from areas of Surplus to deficit area between two countries.

The two types of international trade

1. Bilateral trade- The exchanging of good between two countries.

2. Multilateral trade- The exchange takes place between several countries on regular basis.