Changes

'''Trade''' in its simplest form is the exchange of [[goods]] and [[services]] between peoples.

'''Trade''' in its simplest form is the exchange of [[goods]] and [[services]] between peoples.

Trade is vital characteristic that separates the [[human]] species from the [[animal]] world. [[Human being]]s are dependent upon other human beings for their survival. Very few, if any, human beings fulfill their need for [[food]], housing, clothing and other necessities and requirements without trading with other human beings. The father of classical economics, [[Adam Smith]] said, "No one ever saw two dogs exchange one bone for another."

Trade is vital characteristic that separates the [[human]] species from the [[animal]] world. [[Human being]]s are dependent upon other human beings for their survival. Very few, if any, human beings fulfill their requirements for [[food]], housing, clothing and other necessities without trading with other human beings. The father of classical economics, [[Adam Smith]] said, "No one ever saw two dogs exchange one bone for another."

[[Economists]] would extend the definition to include the act of [[import]]ing and [[export]]ing, or trade between [[nation]]s.  Trade figures are calculated by the quantity or value of exports and/or imports.

[[Economists]] would extend the definition to include the act of [[import]]ing and [[export]]ing, or trade between [[nation]]s.  Trade figures are calculated by the quantity or value of exports and/or imports.