Without trade, apple bananas cost 1.5 bananas. For without trade the relative price of commodities is equal to the required quantity of relative units of labor.
Trade involves the transfer of goods or services from one person or organization to another. Often the goal is money. Economists call the system or network that enables trade a market.
Trade is defined as the general marketplace for the buying and selling of goods, ways of making a living, or the act of bartering or buying and selling. An example of a trade is the tea trade where the United States buys tea imported from China. An example of trading is if you work in sales.
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