What is the name of the trade between one country and another?
Answer Details
The trade between one country and another is called international trade. It involves the exchange of goods and services between different countries. International trade is essential for the growth and development of a country's economy. It allows countries to specialize in producing and exporting goods and services that they can produce efficiently, while importing goods and services that they cannot produce efficiently.
International trade provides many benefits to countries, including access to a wider variety of goods and services, increased competition, and greater opportunities for economic growth. It also allows countries to take advantage of economies of scale, which can lead to lower production costs and lower prices for consumers.
Overall, international trade is an important aspect of the global economy, as it allows countries to exchange goods and services, promotes economic growth and development, and fosters cooperation and collaboration between different nations.