What is the exchange of goods and services in a market ?
Tariff
Developing country
Trade
Productivity
1 answer
The exchange of goods and services in a market refers to the buying and selling of products and services between buyers and sellers. This includes the transfer of goods from producers to consumers, as well as the provision of services to customers. Trade refers to the act of exchanging goods and services, often between different countries. Productivity refers to the efficiency and effectiveness with which resources are used to produce goods and services. A tariff is a tax or duty imposed on imported goods and services, which can impact trade flows between countries. Lastly, a developing country is a nation that is still in the process of becoming more industrialized and economically advanced.