Question

explain the types of domestic trade​

Answer 1

Answer:

Here's Your Answer

Explanation:

Domestic trade, different from international trade, is the exchange of domestic goods within the boundaries of a country. This may be sub-divided into two categories, wholesale and retail. Wholesale trade is undertaken by wholesale merchants or wholesale commission agents.

Answer 2

→Question:Explain the Types of Domestic Trade

→What is Domestic Trade: Exchange of domestic goods within the boundaries of a country.

⇔Types of Domestic Trade:

1.Wholesale Trade

2.Retain Trade

⇒Wholesale Trade:Buying goods from manufacturers or dealers or producers in large quantities.

⇒Retail Trade:Sale of goods to the final consumer, the ultimate customer.

It's a Link between wholesalers or manufacturers and the customers of the product.

also called as a SHOP/MARKET/STORE.

Whole sale rates are cheaper than Retail trade.