State the characteristics of regional trade.

Answer:

- Regional trade involves a larger but distinct geographical area.
- It also involves specialized people who take trade as a means of livelihood.
- Traders in regional trade are mainly not the producers but they act as middlemen
between the producers and the buyers.
- Regional trade has established market places but the goods are not sold on particular markets days.
- The volume of goods involved is also larger as compared to trade.

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