5:22:00 AM
All Insurance Information
What is commerce or Trade? Meaning and type
Value of money or currency trading refers to buying and selling of goods and services. This involves the transfer of goods or services, or is worth the money and remittances. Final consumers and producers, wholesalers, and then eventually go to the manufacturers, retailers and, to produce the goods.
Commerce is essential to meet the needs of mankind, not only for profit trade; also provide services to consumers. Trade is an important social activity, always growing and changing, but never the end of human needs, society needs a continuous supply of goods. The Commerce Department has already taken the beginning was born in human life, and will continue as long as life on Earth. Improve living standards for consumers. Therefore, we can say that trade is a very important social activity.
The Different Types Of Business
- Internal or House or Domestic trade.
- External or Foreign or Worldwide trade
A: The Internal trade
The internal trade is also known as domestic trade. It has been done within the boundaries of the political, and National Geographic. This may be at the local level, at the national and regional levels. Thus, for example, traders in New Delhi,Chittagong transformed , also known as domestic trade, local.
The internal trade is also known as domestic trade. It has been done within the boundaries of the political, and National Geographic. This may be at the local level, at the national and regional levels. Thus, for example, traders in New Delhi,Chittagong transformed , also known as domestic trade, local.
Insider trading can be divided into two groups can be further, that is,
A: The wholesale price: This is purchased in large quantities from the manufacturer or manufacturers, including resale to consumers at retail stores sell lots. The link between the wholesalers, manufacturers and retailers. Wholesalers, and manufacturers, retailers, because it depends on two prominent position. As an intermediary between the behavior of a producer of wholesalers and retailers.
B. Retail: This is purchased from wholesalers in small quantities, contains a very small sales for personal use, the amount of consumption. Retailers in the distribution chain the last link. He established the link between the wholesalers and consumers. Small size, a variety of large retailers. Small retailers, including hawkers, hawkers, and general store
B . External trade
External trade also called as Foreign trade. Refers to the purchase and sale between two or more countries If Mr.D who is a trader from Mumbai, sells his goods to Mr.F another trader from New York then this is an example of foreign trade.
External trade can be further sub-divided into three groups. that is
A: Export Trade, Businessman from the country, when your skills in his home in another country's products sell well throughout, known as the export trade. Traders from India, to sell their products, such as Chinese traders.
B. Import Trade : If a trader in home country obtains or get goods from a trader located in another country, it is called import trade. For e.g. a trader from India purchase goods from a trader located in China
C. Entrepot Trade :After re-export trade in goods in transit trade: trade transit trade, editing, and some have been imported from a country. In short, can be referred to as the imported goods for reprocessing. Then, for example, entrepreneurs, India (Japan) to buy some raw materials from Japanese companies and some (India), converted into finished products, re-export assembly (USA) American businessman
