What do you mean by trade in services?

Question

08 Sep 2023

Answer :

Word Count : 437

Trade in services refers to the exchange of intangible products or services between countries. Unlike trade in goods, which involves physical products, trade in services involves transactions where the output is not a tangible item but rather an activity or performance that provides value to the buyer. Services can encompass a wide range of economic activities, including professional services, tourism, financial services, telecommunications, education, healthcare, and more.

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