What constitutes foreign trade?
Understand the Problem
The question asks for the definition of foreign trade from a list of potential options.
Answer
Foreign trade is the exchange of goods, capital, and services between countries.
Foreign trade involves the exchange of goods, capital, and services between different countries. This exchange enables countries to acquire products or resources that may not be available within their own borders.
Answer for screen readers
Foreign trade involves the exchange of goods, capital, and services between different countries. This exchange enables countries to acquire products or resources that may not be available within their own borders.
More Information
Foreign trade is also referred to as international trade.
Tips
Do not confuse foreign trade with foreign investment. Foreign trade is the exchange of goods and services, while foreign investment involves investing capital in another country.
Sources
- What is Foreign Trade? What Are The Types? | Perra Logistics - perralojistik.com
- International trade - Wikipedia - en.wikipedia.org
- Definition of Foreign Trade At its core, foreign trade involves the buying and selling goods and services between countries - blog.pazago.com
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