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What is trade importance of international trade |
| Answer» Trade: The exchange of goods among people, states and countries is referred to as trade.Importance:\tInternational trade of a country is an index to its economic prosperity.\tIt is considered the economic barometer for a country.\tAs the resources are spate bound, no country can survive without international trade.\tCountries have trade relations with the major trading blocks.\tExchange of commodities and goods have been superseded by the exchange of information and knowledge. | |