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Topic 20: Commerce in Ecuador, (Large business, The impact of the presence…
Topic 20: Commerce in Ecuador
CONCENTRATION OF TRADE
Trade is concentrated, above all, in the provinces of Pichincha and Guayas, because
there are the largest economic activity and the largest cities in Ecuador: Quito and
Guayaquil. In the two provinces is the 77% of the total commercial establishments.
In wholesale trade, the two most important activities are the sale of household goods
and food, beverages and tobacco.
. TRADE IN THE ECONOMY
The commercial activity is very important
because it is complementary to the
production. The products must be
transferred to the market in order to be
sold and acquired by the consumer.
FOREIGN TRADE
Export trade to the external market has been fundamental for the development of
the national economy. Currently, oil exports are the most important. The foreign
trade of bananas, shrimps, cocoa, flowers and tropical fruits is remarkable.
Progressively, the country is diversifying its exports to other regions and countries
of the world, especially the neighboring and Latin American countries.
Due to the lack of sources of employment or fixed jobs, many people have opted for
small street sales as the only means to earn a living or to supplement family income.
EXPANSION OF SUPERMARKETS
An important example of what is happening in the retail trade, and that combines the
sale of appliances with food and other consumer goods, is the great expansion of
supermarkets and shopping centers in large cities and medium-sized cities across
the country
Large business
The impact of the presence of
large commercial companies not
only affects the small business but
also the consumer, who gets used
to it, to a consumption of
international characteristics,
typical of a gigantic consumer
society of global dimensions. It
threatens the existence of the
forms or types of consumption of
traditional society