The trade amongst cities, towns, and villages is termed [[1]].

see full answer

Your Exam Success, Personally Taken Care Of

1:1 expert mentors customize learning to your strength and weaknesses – so you score higher in school , IIT JEE and NEET entrance exams.

An Intiative by Sri Chaitanya

(Unlock A.I Detailed Solution for FREE)

Best Courses for You

JEE

NEET

Foundation JEE

Foundation NEET

CBSE

Detailed Solution

The trade amongst cities, towns, and villages is termed Local trade.
Local trade refers to the trade between different regions of a city or village. The products locally available in the regions are exchanged. The cloth, jewellery, and handicrafts markets that have existed since ancient times are found in India. The large inflow of tourists supports the traditional markets of India by promoting handicrafts. Local trade forms the backbone of the rural economy. The people rely almost entirely on the exchange of goods. Spices are one of the products that hold a place in both local and international trade. Trade in India has rapidly changed from local to international levels, adding value to the country's economy.

Watch 3-min video & get full concept clarity