Question

Explain auxiliaries of trade

Answer 1

Answer:

helpful in production

Explanation:

the institution which are do helpful operation of product and development the trade, smooth activities of trade,and functioning the trade is called auxiliary trade it have various trade transportation,bank, insurance etc.

Answer 2

Answer:

Activities which are meant for assisting trade is called Auxiliaries to trade

The difference type of Auxiliaries to trade are:

1. Banking:

It provides funds for carrying out the trading activities.

2. Insurance:

It provides assurance for the good if any damage occurs due to natural calamities, theft, etc,.

3. Transport:

It helps to transfer goods from one glace to another, one country to another country at a short period of time.

4. Wearhouse:

It helps to store good for longer period of time without any damage.