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What Is Trade- Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties. Trade can take place within an economy between producers and consumers. KEY TAKEAWAYS- Trade broadly refers to the exchange of goods and services, most often in return for money. Trade may take place within a country, or between trading nations. For international trade, the theory of comparative advantage predicts that trade is beneficial to all parties, although critics argue that, it leads to stratification among countries. Economists advocate for free trade between nations, but protectionism such as tariffs may present themselves due to political motives, for instance with "trade wars." I have attached a video for your reference -  Simple Video Example What is Trading- Trading involves vigorous participation in the financial markets ...