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World Trade — Geography Keypoint

World Trade

Trade ordinarily is the act of buying and selling. Therefore, world trade can simply be defined as the act of buying and selling of goods and services across national boundaries.

This is to say that world trade otherwise known as international trade involves the exchange of goods and services among nations. World trade could be bilateral (i.e. when it involves two countries only) or multilateral (i.e. when it involves many countries).

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