Contemporary India-II

Book: Contemporary India-II

Chapter: 7. Lifelines of National Economy

Subject: Social Science - Class 10th

Q. No. 2 of Exercises

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Answer the following questions in about 30 words.

What is meant by trade? What is the difference between international and local trade?

Trade refers to the exchange of goods among people, states and countries.

International trade refers to Trade between two or more. Trade that occurs-in-a region within the same country is called local trade.


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