alleryStart learning →In your syllabus, 'trade' refers to:
AManufacturing of food products
BThe voluntary exchange of goods or services
CCultural exchange across borders (typical)
DMigration of skilled labour
Answer & Solution
Correct answer: B. The voluntary exchange of goods or services
1. Your syllabus 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: syllabus Geography Contemporary India - II, Ch 7 "Lifelines of National Economy", §Trade ¶1_
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