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Trade is also called 1)……... Commerce is a division of trade or 2)………. which deals with the exchange of goods and services from producer to final consumer. Trade between two 3)…….. is called bilateral trade, while trade between more than

two traders is called 4)……. trade. Trade is either 5)….. or domestic. Foreign trade

consists in the 6)………. and importation of goods, or the exchange of the

7)………. of different countries. Domestic, or home, trade is the exchange, or

buying and selling, of goods within a 8)……..

Retailing 9)……… of the sale of goods or merchandise from a fixed location, such

as a department store or kiosk, or by post, in small or individual lots for direct 10)……….. by the purchaser.

a. multilateral; b. commerce; c. exportation; d. commodities; e. country; f.

consumption; g. consists; h. traders; i. foreign; j. production.

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1. is laura new to the school? yes, she is. 2. is tim in  year  5? no, he isn't. 3. are paul and steve at secondary school? yes, they are. 4. are jane and claire in  year   7? no, they aren't. 5. are laura and jane at primary school? yes, they are.

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