What is meant by international trade?

What is meant by international trade?

The exchange of goods or services along international borders. This type of trade allows for a greater competition and more competitive pricing in the market. The competition results in more affordable products for the consumer. The exchange of goods also affects the economy of the world as dictated by supply and demand, making goods and services obtainable which may not otherwise be available to consumers globally.

Source: http://www.businessdictionary.com/definition/international-trade.html#ixzz2YwLQHIqu

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