Question

what do you mean by hindrance of trade? ​

Answer 1

Explanation:

Hindrances of exchange: Hindrance of exchange is overcome by trade. Trade is an integral part of commerce. It simply refers to sale, transfer or exchange of goods and services. I

Answer 2

In this question, we need to tell about the hindrance of trade.

• Trade means the exchange of goods and services.
• Activities that assist trade are banking facilities, insurance, transportation, and communication.
• Anything which creates any problem while doing trade is called hindrances of trade.
• Some of the hindrances of trade are Hindrances of person, hindrances of place, hindrance of time, hindrance of risk, hindrance of finance, and hindrance of knowledge.
• These are some of the hindrances of commerce that create problems while performing trade.

PROJECT CODE #SPJ3