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Economics glossary · The global economy

Trade in goods

What trade in goods means in economics, as one of components of the current account, with an example and a question to test yourself.

Definition
Trade in goods
Trade in goods records exports and imports of physical items, the things that ships, planes, trains and lorries carry between countries.
Example

Can you think of an example of trade in goods?

Test yourself

Can you name the four components of the current account?

Learn it properly: the module

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