Home › UP Board Class 10 › geography › Lifelines of National Economy › In NCERT Ch 7, 'trade' refers to:
In NCERT Ch 7, 'trade' refers to:
Answer & Solution
Correct answer: B.
1. NCERT defines trade precisely.
2. Trade is the exchange of goods among people, states and countries.
3. Trade can be local, state, national or international depending on scale; it includes services in modern economies.
_Source: NCERT Class 10 Geography Contemporary India - II, Ch 7 "Lifelines of National Economy", §Trade ¶1_
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