Practicing Success
Practicing Success
CUET Preparation Today
| Which of the following statements is/are true about trade? |
Trade is a quaternary activity Barter system is a part of trade Trade is beneficial to the seller. All of the above. |
| Barter system is a part of trade |
| trade means the voluntary exchange of goods and services. Two parties are required to trade. One person sells and the other purchases. In certain places, people barter their goods. For both the parties trade is mutually beneficial. Trade is a tertiary activity. |
