Trade
Trade an
integral part
commerce.
includes
buying & selling
of
goods & services
trade segment
commerce brings
together
manufacturer &
consumer,
i.e.
link between
manufacturer
& consumer.
1.Internal trade:
buying & selling
of
goods or services
within
geographical boundaries
of country.
two types:
(a) Wholesale trade
(b) Retail trade
2.External trade:
buying & selling
of
goods & services
beyond
geographical limits
of country
called external trade
types:
Export trade
Import trade
Entrepot trade
Aids to Trade
activities helps
smooth flow
of trade
known as
aids to trade.
activities make
buying & selling
goods easier.
help in
removing various
hindrances trade
arises in
production &
distribution
of goods
aids to trade are:
Banking & finance
Insurance
Transport & communication
Warehousing