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Q.

The term used to describe trade between two or more countries is called


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a

Trade

b

Local Trade

c

International Trade

d

State-level Trade 

answer is C.

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Detailed Solution

International trade is the term used to describe trade between two or more countries.
The resources in a country are limited. Because of this reason, trade between countries is essential for exchanging raw materials. Another country might need the products manufactured in one country. So international trade facilitates the exchanges of goods and services between nations. It helps in improving the productivity of manufactured goods. The economic growth of a country is thus influenced by international trade. The exchange of goods and services between countries plays a role in the relationship between countries. India has emerged as a software giant in the international market, and information technology products have gained importance in international markets.
 
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