trade is an integral part of commerce. it simply refers to sale , transfer or cxchange of goods andservices. it helps in making the goods and services available to ultimate. the manufacturers of who produce in bulk or large quantity generally find it very difficult to sell those goods directly to the consumers. the seasons may be distance of the consumers from the place of manufacturers, or the quantity, of the product bought at one point of time , the problem of payment and so on. hence they utlise the service of some. firms or individuals who buy goods from the manufacturers and sell it to the consumers. for example, the local grocery shop owner sells grocery items to the consumers after buying it from the manufacturers. sometimes he buys it from the wholesalers who buy goods in bulk from the manufacturers and sell it to him. it may be noted that the wholesaler as well as the grocery shop owners are said to be engaged in trading. thus, the features of trade can be summed up as follows:
- It involves actual buying and selling of goods.
- it refers to producing goods from one place person to sell it to another person or at another place.
- trades, also known as middleman facilitate the distribution of goods.
- trading helps equalising demand and supply. for example, the state of pamay be producing plenty of rice without much demand for it in its own state.
trade is an integral part of commerce. it simply refers to sale , transfer or cxchange of goods andservices. it helps in making the goods and services available to ultimate. the manufacturers of who produce in bulk or large quantity generally find it very difficult to sell those goods directly to the consumers. the seasons may be distance of the consumers from the place of manufacturers, or the quantity, of the product bought at one point of time , the problem of payment and so on. hence they utlise the service of some. firms or individuals who buy goods from the manufacturers and sell it to the consumers. for example, the local grocery shop owner sells grocery items to the consumers after buying it from the manufacturers. sometimes he buys it from the wholesalers who buy goods in bulk from the manufacturers and sell it to him. it may be noted that the wholesaler as well as the grocery shop owners are said to be engaged in trading. thus, the features of trade can be summed up as follows:
0 comments:
Post a Comment