A tradesman who purchases diamonds in a country where the price is low and sells them in another country where the price is high, can be said to be practicing:

Question

Quizplus · Accepted Answer

The scenario described is an example of arbitrage, which involves purchasing a commodity (in this case diamonds) in one market where the price is lower and selling it in another market where the price is higher to make a profit. Speculation involves taking risky actions with the hope of making a profit, derivatives trading involves using financial instruments derived from an underlying asset, and forecasting involves predicting future trends or events.

A Tradesman Who Purchases Diamonds in a Country Where the Price