Please scroll down to get to the study materials.
Trade is the act of buying and selling goods services with the objective of earning profit. It acts as the bridge between customers and manufactures. The person who engages in the job of buying and selling is called trader. Trade may be either home or foreign trade.
The following is a main definition of trade: -
“Trade refers to the sale, transfer or exchange of goods or services.” – A. N. Agrawala
Trade is of following two types:
Trade is the process of exchanging goods and services for money. It includes the act of supplying raw materials to the producers and finished goods to the consumers with the view to earn profit. The person who engages in the job of buying and selling is called trader.
The following are the terms and conditions of trade:
Trade helps to continue ______ of goods and services.
all the options are correct
The person who engages in the job of buying and selling is called ______.