Trade

Meaning :

Trade refers to the exchange of goods and services between two parties. It can involve buying, selling, or bartering items for money or value. Trade is the foundation of  all business and global economic activity.

Example : 

For instance, a shopkeeper buying products in bulk and selling them to  customers is an example of trade.

How to Understand : 

Trade is simply giving something to get something in return.

It can happen between people, businesses, cities, or even countries (inte rnational trade).

Without trade, no one can get everything they need by themselves.

Importance :

Trade helps businesses grow and expand, allowing them to reach more customers.

It boosts employment and income by creating jobs in various sectors.

Trade improves the availability of products, giving people more choices.

It encourages competition and innovation, leading to better products and services.

Trade supports economic development, contributing to the overall growth of  communities and countries.