international trade

Definition

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.

Use international trade in a sentence

  • Sometimes you can get a very good price on certain products or supplies when you are dealing with an international trade.

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  • International trade was studied well before engaging in relations with the volatile nation in that region that contains the resources.

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  • The company practiced international trade and would exchange goods with other countries, like China, which was really cool to me.

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