Trade is the central activity in commerce. Justify this statement by giving
example.
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Ancillaries to trade are those activities which facilitate smooth functioning of business. Insurance, transport, warehousing and advertising are regarded ancillaries to trade. Hence, we can say that commerce includes activities relating to trade and ancillaries to trade.
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It is a central activity as it facilitates the buying and selling of commodities.
- Trade includes purchasing and selling commodities. It helps in making merchandise accessible for clients to purchase.
- Producers can not offer their items to singular purchasers subsequently financial specialist functions as a mediator between them. These are exercises that support exchanging.
- Transport, banking, insurance, warehousing, and publicizing are viewed as helpers to exchange. These are by and large known as aide to trade. They eliminate any obstacles that are looked at during any exchanging exercises.
- For example, banking gives finance to the dealer.
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