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Q.

What type of trade is carried on cites, towns, and villages?

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a

State level trade

b

Local trade

c

District level trade

d

None of these

answer is B.

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Detailed Solution

Local trade is carried on cites, towns, and villages. It is also known as domestic trade, takes place inside the boundaries of the country. The exchange of goods and services is only allowed within the country. Since resources are distributed unevenly on the earth's surface, every state does not have all the resources available, so local trade is very necessary to survive. Taking the example of the fish trade, sea fish from coastal regions are exported to the states away from the coasts.

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What type of trade is carried on cites, towns, and villages?