Trade Industry
Definition
The trade industry refers to the economic sector that involves buying, selling or exchanging goods and services between businesses (B2B) or business and consumers (B2C). It includes both domestic and international trade.
Related terms
Import: This refers to bringing goods or services into a country from abroad for the purpose of selling them.
Export: This is when goods or services are sent to another country for sale.
Tariffs: These are taxes imposed on imported goods, usually with the aim of protecting domestic industries.
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