exchange of capital, goods, and services across international borders or territories
International trade is the exchange of goods, services, and money between countries. It matters because it allows nations to access products and resources they may not have locally, and creates economic opportunities through cross-border commerce.
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International trade is the exchange of capital, goods, and services across international borders or territories because there is a need or demand for goods or services.
In most countries, such trade represents a significant share of gross domestic product (GDP). While international trade has existed throughout history (for example Uttarapatha, Silk Road, Amber Road, salt roads), its economic, social, and political importance has been on the rise in recent centuries.
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