Respuesta :
The purpose of International trade is to exchange goods and services in global market.
What is mean by International trade?
International trade refers to buying and selling of product to other countries or the voluntary exchange of goods or services between economic actor. trade basically done in two way, first internally or domestic and second one is externally. international trade became important these days because countries are not self- sufficient enough to full fill all their needs . In Globalised world trade became easier, because globalisation lead to connectivity in international order.
What is mean by exchange of goods and services?
Economic activity of country is depended upon the production of goods and services. goods are refer to things or product which a country produce within domestic territory and services associated with third sector of economy, where a person provide his or her service to other and earn for livings. both the activity is important to run a country. when we talked about exchange goods and services, it means buying and selling goods in international level and in services it refer to migration or provide services to other country instead of owns country.
What is global market?
Global market refers to platform where goods, services, capital and labour are freely traded from one country (purchased or sold) to people of other counties. it expend market and business of one's country across the world.
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