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


Countries cannot survive without international trade because resources are bounded by space. Betterment of international trade of a country leads to its economic prosperity. Trade provides so many job ooportunity to workers as well as business to traders.
Final Answer:
Trade is the exchanging goods between people, states and countries.
When two countries trade with each other it is called international trade, while trade occurring within the same country is called local trade.