Define the term trade and state and briefly discuss the methods of trade

      

Define the term trade and state and briefly discuss the methods of trade

  

Answers


Dana
Trade is the buying and selling of goods and services for mutual benefit
There are two methods of trade namely:
Barter trade: this method of trade involves the exchange of goods and services for other goods and services at the local, regional and international level. This is the oldest method of trade since the civilization of man.
Currency trade: this method of trade involves the use of money to purchase commodities or pay for services. Currency is the measure of the value of a good or service

Dana05 answered the question on May 23, 2019 at 09:16


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