Explanation:
Global trade is the trading of goods or services to the other countries. Suppose there is a company in a country who produces footballs, when they sell their product to other countries, it is called as the global trade. Also if we purchase goods or service from another country, it is also called as global trade. So any trade between the countries on the globe would make up the global trade. In simple words, imports and exports make the global trades.
There are many positive effects of trading globally. For example, if a company exports some product to another country, then this company would create more jobs, will boost the economy, give more experience of producing for foreign markets to the domestic companies, and with the passage of time, such companies can also have a competitive advantage in the global trade.
