Q1
What is domestic trade?
ATrade within a country's borders
BTrade between countries only
CNo trade at all
DOnly foreign trade
SSCClass 9 (SSC)Geography (भूगोल)Ch 9 · Topic 2
Practice and Revision - Trade
Let us practise and revise what we learned about trade. Trade involves the exchange of goods and services between people, regions, or countr
Core concept
Domestic trade occurs within a country's borders, while international trade involves the exchange of goods and services between different countries.
How it works
Trade allows regions to specialise in producing goods they can make efficiently, then trade for goods produced elsewhere.
Why it matters
Balance of trade refers to the difference between a country's exports and imports, being positive (surplus) or negative (deficit).
Key detail
International trade organisations and agreements help facilitate smoother trade relationships and resolve trade disputes between countries.
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Quick notes
• Domestic trade: within a country.
• International trade: between countries.
• Trade allows regional specialisation.
• Regions trade for goods produced elsewhere.
• Balance of trade: exports minus imports.
• Positive: surplus. Negative: deficit.
• Trade organisations facilitate relationships.
• They also help resolve trade disputes.