Question

what is trade and types of trade​

Answer 1

Trade is an activity that involves buying and selling of goods and services. Trade is classified into 2 categories.

1. Internal Trade: The trade is limited to the boundaries of a country. For example, a wholesaler buys firecrackers from a manufacturer in Tamilnadu & distributes them to retail shops in Delhi.
2. External Trade: Trade that takes place between multiple countries. For example an exporter buys mangoes from Indian producers and sells them to Canadian supermarkets.

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Answer 2

Trade is an activity that involves buying and selling of goods and services. Trade is classified into 2 categories.

1. Internal Trade: The trade is limited to the boundaries of a country. For example, a wholesaler buys firecrackers from a manufacturer in Tamilnadu & distributes them to retail shops in Delhi.
2. External Trade: Trade that takes place between multiple countries. For example an exporter buys mangoes from Indian producers and sells them to Canadian supermarkets.