Define trade and explain various types of aids of trade
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the buying or selling of goods or services between people or countries
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Trade refers to buying and selling of goods and services for money or money's worth. It involves transfer or exchange of goods and services for money or money's worth. The manufacturers or producer produces the goods, then moves on to the wholesaler, then to retailer and finally to the ultimate consumer. Trade involve transport, communication, banking, insurance, warehousing, advertising, salesmanship, mercantile agents and trade promotion organisations which help in bringing development in the country. These aids help in smooth flow of goods and services from sellers to consumers.
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