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Buying and selling of goods and services...

Buying and selling of goods and services across the borders of your nation is called:

A

(a) Internal Trade

B

(b) External Trade

C

(c) Retail Trade

D

(d) Wholesale Trade.

Text Solution

Verified by Experts

The correct Answer is:
b.) External Trade

Foreign or external trade is nothing but trade between the different countries of the world. It is also called as International trade. External trade or Inter-Regional trade.It involves exchange of goods and services between two or more countries.It consists of imports, exports and entrepot.
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