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Home > Questions & Answers > Economics in Class 9 - 10 > Solutions with Answers

Question: What is meant by the term ‘trade’?

Posted by: Atul Pandey on: 29 Feb, 2016

R. Kanaga Valli

Hunny Mann

5 Answers by Expert Tutors

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Answer

Trade refers to exchange of goods and services for some consideration.

Hunny Mann, Delhi

Answer

Activites of buying and selling of goods and services is called as Trade in general.

R. Kanaga Valli, Chennai

Answer

Trade refers to the commercial action invoving buying and selling of goods or services.

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Trade means buying and selling of goods is some what related business and commerce

Vivek Sharma, Hyderabad

Answer

trade means buying and selling of products or services.

Ravikiran, Bangalore

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