Trading
Trade is the transfer of ownership of goods and services from one person or entity to another by getting something in exchange from the buyer. Trade is sometimes loosely called commerce or financial transaction or barter. A network that allows trade is called a market.
Trade exists for man due to specialization and division of labor, most people concentrate on a small aspect of production, trading for other products.Trade exists between regions because different regions have a comparative advantage in the production of some tradable commodity, or because different regions' size allows for the benefits of mass production. As
Such , trade at market prices between locations benifits both locations
Trade exists for man due to specialization and division of labor, most people concentrate on a small aspect of production, trading for other products.Trade exists between regions because different regions have a comparative advantage in the production of some tradable commodity, or because different regions' size allows for the benefits of mass production. As
Such , trade at market prices between locations benifits both locations
