Interregional Trade
Definition
Interregional trade refers to the exchange of goods and services between different regions or areas. It involves the movement of products across long distances.
Analogy
Imagine two neighboring towns trading their unique local products with each other. Now expand this concept to larger regions trading valuable goods over vast distances.
Related terms
Silk Road: An ancient network of trade routes connecting East Asia with Europe and Africa.
Trans-Saharan Trade Route: A historical trade route across the Sahara Desert that linked West Africa with North Africa and the Mediterranean region.
Commercial Revolution: The expansion of trade, commerce, and business during the Middle Ages in Europe.
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