Analyse the different aspects of international trade.

The aspects of international trade are as follows:-

• Volume of Trade- Volume of trade doesn’t mean the size of the goods traded. The total value of the goods and services traded is considered to be the volume of the trade.

• Composition of Trade- It depends upon the items and commodities of the trade. It also depends upon the quality o the goods or the services done to the other countries.

• Direction of the trade- This refers to the countries which are engaged with the trade. It can be a bilateral trade or a multi-lateral trade.