Classification of Trade and Aids to Trade
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It is classified as internal and external trade. Internal trade can be wholesale or retail trade. External trade takes the form of import, export, and entrepot trade. Aids to Trade: Also known as auxiliaries which provide support to perform activities related to industry and trade.
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Commerce has two major branches viz trade and aids to trade. Trade involves buying and selling of goods and services. It is classified as internal and external trade. ... Aids to Trade: Also known as auxiliaries which provide support to perform activities related to industry and trade.
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