Activities that remove all the difficulties in trade
Answers
Answer:
money rate
tax
agreements
war like siyuation
inflation of money
These are the activities which remove the difficulties in trade.
Goods are owned and possessed by those produce who produce the goods. There is direct connection between producer and consumer. The other important thing is transport. Transport removes hindrance of place. With the help of transport facilities, we can create place utility in goods. We can move the good from one place to another where there is less demand to that place where the demand of that good is high. Another important thing is warehousing.
There are some goods such as cotton, jute, food grain can be produced in particular season. But the need is whole year. It needs proper storage. It can be done with the help of warehousing. Banking is also important factor to remove the difficulties in trade. Bank provide loan because fund is very necessary for trade. Advertisement and salesmanship are also important for trade because consumer are not aware about product. So, it is also a hindrance for trade.
Insurance is important for trade because sometimes it may be possible our products is getting destroyed by some factors. So, the insurance of goods is essential. At last but not least communication is also very important because without communication between consumer and producer trade is not possible.