Unit 5 · Lesson 1
Introduction to Trade

Trade appears just about everywhere in our lives. You may be thinking of international trade, which is, of course, important. But, did you give yourself a haircut? Make your own shoes? Trade is everywhere! What about when you are assigned a partner on a project, how do you decide to allocate your and your partner’s time on the project? Trade is not just relevant for governments and businesses. Trade shows up in your life in ways you may not expect. In this lesson Professor Min Sok Lee explains the basics of trade, and how trade can help you.