Identify and explain the concept.
Shashi sold the output from his factory and got rupees 10000
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This is a trading concept.
Explanation:
The trading concept involves the buying and selling of goods.
According to this concept, compensation is made by a buyer to a seller.
Trading always occurs between two parties and it takes place by the exchange of goods and services.
It also takes place between producers and consumers in an economy where trading is a buying and selling platform.
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