WAEC - Commerce (2017 - No. 21)
an example of an invisible item of trade is?
oil
shipping
machinery
textile
Explanation
'Invisible Trade '. An invisible trade is a business transaction that occurs with no exchange of tangible goods. An invisible trade involves the transfer of non-tangible goods and/or services, such as customer service, intellectual property and patents. The items involved in an invisible trade are associated with a value and can be exchanged for tangible goods.
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