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Line 1: − In its simplest form, <b>trade</b> is the exchange of [[goods]] and [[services]] between peoples.+ − + + + + +
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'''Trade''' in its simplest form is the exchange of [[goods]] and [[services]] between peoples.
Economists would extend the definition to include the act of importing and exporting. And calculate trade figures by the quantity or value of exports and/or imports.
[[Economists]] would extend the definition to include the act of [[importing]] and [[exporting]]. And calculate trade figures by the quantity or value of exports and/or imports.
== See also ==
*[[Capital]]
*[[Capitalism]]
[[Category:Economics]]
[[Category:Economics]]