TRADE AND AIDS TO TRADE
Commerce is the study that relates to distribution of products
from the producer (point of production) to the end user (point of
consumption)
OR
Commerce is the activity of buying and selling goods and
services, especially on a large scale against a monetary value
OR
Commerce also refers to exchange of goods and services of
value, between businesses are entities.
, Trade and Aids to Trade:
Trade: It is the buying and selling of goods and services to
make a profit. If people do not trade against involvement of
money, it is not trade. The exchange of goods and services
without exchange of money is called bartering.
Types of trade:
1. Home trade: It is the buying and selling of goods and
services within the international boundaries of a country.
The buyer and seller are the residents of the same country
hence they speak the same language and trade in the same
currency. Goods are transported easily using railways or
through highways between cities, and because of good
knowledge of local market, terms of trade are easily set.
Home can trade can be further classified as:
Wholesale trade is buying in bulk from producer or
manufacturer. Wholesaler break the bulk and sells to
the retailer in small quantities.
Retail trade is concerned with selling of goods and
services to the ultimate user (i-e the consumer).
Commerce is the study that relates to distribution of products
from the producer (point of production) to the end user (point of
consumption)
OR
Commerce is the activity of buying and selling goods and
services, especially on a large scale against a monetary value
OR
Commerce also refers to exchange of goods and services of
value, between businesses are entities.
, Trade and Aids to Trade:
Trade: It is the buying and selling of goods and services to
make a profit. If people do not trade against involvement of
money, it is not trade. The exchange of goods and services
without exchange of money is called bartering.
Types of trade:
1. Home trade: It is the buying and selling of goods and
services within the international boundaries of a country.
The buyer and seller are the residents of the same country
hence they speak the same language and trade in the same
currency. Goods are transported easily using railways or
through highways between cities, and because of good
knowledge of local market, terms of trade are easily set.
Home can trade can be further classified as:
Wholesale trade is buying in bulk from producer or
manufacturer. Wholesaler break the bulk and sells to
the retailer in small quantities.
Retail trade is concerned with selling of goods and
services to the ultimate user (i-e the consumer).
