Answer:

>>> Social Science

There are several ways to classify the types of trade, but one common approach is based on the type of goods traded. Here are the four main types of trade according to this classification:

• Number 1

Commodity Trade: Commodity trade involves the exchange of primary goods or raw materials, such as minerals, agricultural products, and energy resources. These goods are often traded on commodity exchanges, where their prices are determined by supply and demand.

• Number 2

Manufactured Goods Trade: This type of trade involves the exchange of finished goods, such as cars, electronics, and clothing. These goods are usually produced in factories and sold through distributors or retailers.

• Number 3

Service Trade: Service trade involves the exchange of intangible services, such as consulting, financial services, tourism, and transportation. Services are becoming an increasingly important part of global trade.

• 3 March 2023