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Trade: The interchange of commodities between two or more persons who extract or produce them and who actually consume directly or indirectly is known as trade. In other words it includes all those activities which are engaged in transferring title of the goods from the producers to the consumers.
Trade is very important part of commerce and it also includes those factors which help to remove personal hindrances in exchange of goods. Another important function of trade is to serve as an intermediary between the consumer and the producer.
As an economic activity Trade also means carrying the goods from the producers to the place where the goods are in demand. The wholesalers, retailers and different agents play a vital role in transporting goods from first place to the second.
The person who is engaged in removing the title of the goods from the producers to the consumers is known as a trader. Exchange of goods from one man to another is taking place under the guidance and supervision of the trader. He collects goods from the producers and transfers them to the consumers.
Classes of Trade: Trade is carried out both within the country and outside the country.
Within the country trade (HOME TRADE) has following two kinds:-
(a) Whole sale trade
(b) Retail trade
Trade is very important part of commerce and it also includes those factors which help to remove personal hindrances in exchange of goods. Another important function of trade is to serve as an intermediary between the consumer and the producer.
As an economic activity Trade also means carrying the goods from the producers to the place where the goods are in demand. The wholesalers, retailers and different agents play a vital role in transporting goods from first place to the second.
The person who is engaged in removing the title of the goods from the producers to the consumers is known as a trader. Exchange of goods from one man to another is taking place under the guidance and supervision of the trader. He collects goods from the producers and transfers them to the consumers.
Classes of Trade: Trade is carried out both within the country and outside the country.
Within the country trade (HOME TRADE) has following two kinds:-
(a) Whole sale trade
(b) Retail trade
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