Question

Define Trade and write auxiliaries to trade​

Answer 1

Answer:

Buying and selling of goods is termed as trade. But there are a lot of activities that are required to facilitate the purchase and sale of goods. These are called services or auxiliaries to trade and include transport, banking, insurance, communication, advertisement, packaging and warehousing.

Answer 2

Answer:

Trade:

Buying and selling of goods is termed as trade.

Auxiliaries to trade:

Aids to Trade also known as auxiliaries to trade.which provide support to perform activities related to industry and trade. They include activities viz transportation, communication, warehousing, banking and financing, insurance, advertising, other allied services.