Question

what are the auxiliaries to trade ? explain any five auxiliaries in brief ?​

Answer 1

Answer:

Following are the important auxiliaries to trade : (a) Transportation and communication: Production of goods generally takes place in particular location. ... In the same way, the hindrance of information is removed by comunication. Communication helps in exchange of information between producers, consumers and traders.

Answer 2

Banking and finance : Banks and financial institution provide credit facility to provide finance for smooth flow of business activities. Other facilities like collection and deposit of cheques, issue of bank draft, discounting of bills of exchange