Question

1 what is the meaning of retail trade ?
2 what do you mean by import trade ?​

Answer 1

Answer:

1.Trade conducted on small

scale is retail trade.

2.when the goods or services are bought from other countries,to the home country it issecrets called import trade.

Answer 2

Answer:

Retail Trade:

Retail trade consists of selling merchandise in the state that it is purchased (or after minor transformations), generally to a customer base of private individuals, regardless of the quantities sold.

Explanation:

import Trade:

Import trade is the process of importing goods and services from another country. A country import good in following situations. They can't manufacture/ produce goods. They have a deficit of raw material to produce.