Nature of International Trade, Labour Productivity and Comparative Advantage
Trade Trade refers to the buying and selling of goods and services for money or money’s worth. It involves the transfer or exchange of goods and services for money or money’s worth. The manufacturers or producer produces the goods, then moves on to the wholesaler, then to the retailer, and finally to the ultimate consumer. Trade is essential for the satisfaction of human wants, Trade is conducted not only for the sake of earning a profit; it also provides service […]