Question

explain the following terms/concept home trade?
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Answer 1

Answer:

Home trade is also known as domestic trade.Home trade is exchange of domestic goods within the boundaries of the country. These are divided int two parts-: wholesale and retail.

Answer 2

In International Trade or Economics,Home trade is also known as Domestic trade which refers to buying and selling of all the goods and services produced or manufactured within the geographical boundaries of a particular country.

Explanation:

Home trade basically involves all the trading activities and exchange of all the goods and services within a particular country or economy.The home trade can be practically divided into two categories:-wholesale trade and retail trade.The wholesale trade involves buying and selling of goods and services along the supply chain stage among manufacturers,traders,re-sellers,vendors etc to ensure the timely and efficient transmission of the goods and services to the market for final consumption.Retail trade can be described as the buying and selling of goods and services in small amount involving the consumers.Home trade basically ensures the efficient mobility of the inputs/factors of production so that they can be utilized properly within the economy and improve the process of production.