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  • What Is Trade

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    OLIVER JACS SAENZ SERPA
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    The document is about the concept of trade. It defines trade as the exchange of one thing for another. Trade can occur between individuals, companies, and countries. It involves services, money, and goods being exchanged. People and countries may trade because they have a surplus of one item and need something else. For example, a country that produces more rice than it needs can trade the extra rice to other countries in exchange for money to buy other goods or services. Trade allows people to sell, buy, or barter goods and services to obtain what they require.

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    3. What is trade (8)

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    The document is about the concept of trade. It defines trade as the exchange of one thing for another. Trade can occur between individuals, companies, and countries. It involves services, money, and goods being exchanged. People and countries may trade because they have a surplus of one item and need something else. For example, a country that produces more rice than it needs can trade the extra rice to other countries in exchange for money to buy other goods or services. Trade allows people to sell, buy, or barter goods and services to obtain what they require.

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    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    6 views2 pages

    What Is Trade

    Uploaded by

    OLIVER JACS SAENZ SERPA
    The document is about the concept of trade. It defines trade as the exchange of one thing for another. Trade can occur between individuals, companies, and countries. It involves services, money, and goods being exchanged. People and countries may trade because they have a surplus of one item and need something else. For example, a country that produces more rice than it needs can trade the extra rice to other countries in exchange for money to buy other goods or services. Trade allows people to sell, buy, or barter goods and services to obtain what they require.

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    © All Rights Reserved
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    of 2

    Professional English II

    Prof. Corina Ch.

    By Susan LaBella

    Read and listen. Fill in the blanks with the words you hear.

    Have you ever (0) swapped sandwiches with a friend at (1) ?

    “Trade” is the name we give to any (2) of one thing for (3) else.

    Trading can take place (4) people, companies, and countries.

    Trade involves (5) , money, and goods. Maybe you mowed your

    neighbour’s (6) , and she paid you. That was trading

    a (7) for money. Or (8) you traded your scooter for

    a friend’s video game. That was trading (9) .


    Professional English II
    Prof. Corina Ch.

    People and countries may trade because they have too much of

    one (10) and need something (11) . For example, in

    some countries, people (12) a lot of rice. They produce more than they

    need for (13) . That allows them to sell their rice

    to (14) countries. The (15) of the rice send money to

    the (16) . The sellers (17) use that money to

    buy (18) or services.

    Trade (19) people to sell, buy, or (20) goods and

    services to get what they need.

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