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Q.

The trade carried between two or more countries is termed as [[1]] trade.


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Detailed Solution

The trade carried between two or more countries is called international trade.
International trade involves exchanging capital, merchandise, and administrations across worldwide lines or regions. No nation can thrive without international trade since the resources are few and confined to space. The parts of trade are export and import. The difference between a country's export and import represents its trade balance. A positive trade balance is one in which exports are more than imports in value. On the other hand, an unfavourable trade balance occurs when imports surpass exports in value.
 
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