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Trade is the reason for GLOBALIZATION AND GLOBALIZATION IS the REASON FOR TRADE

WHAT IS TRADE
Trade can be termed as a means of exchange of goods and services. According to the Oxford dictionary it is:"the activity of buying and selling or exchanging of goods and services between people and companies." For trade to exist there has to be a buyer and a seller, or rather an entrepreneur and a market. An entrepreneur is the individual or company that provides or produces such a goods or a service.

WHAT IS GLOBALIZATION
Globalization according to the Encarta dictionary: "means to become adopted on a global scale, or cause something, especially social institutions, to become adopted on a global scale." Simply put, it is making the entire world a field or business environment for the entrepreneur to perform is trade. It is a term used to describe a companies operation around the world. According to Professor C.S Ige of Covenant University it is "a concept that deals with the idea......

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Approximate Pages: 3 (250 words per double-spaced page)

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