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TRADE. .
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INTRODUCTION TO TRADE. Trade involves the transfer of goods and services from one person to another person in exchange for money. Economics refer to a system or network that allows trade as a market..
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What are the concepts of trade. WHAT IS DEMAND?. Various products/goods we require in our day to day life for those things we create demand..
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WHAT IS BUYERS?. The person who purchase or buy the goods is known as consumers or buyers. We buy the goods or products from the retail shop which is near to our locality..
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Why it is important to trade for every country?. Trade is an important economic activity..
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If there is a scarcity of a commodity then there is demand for that commodity . Then the place where it is abundant provides the supply of the commodity..
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DO YOU KNOW?. Trade is an age-old concept. In ancient and medieval periods, trade was done through the barter exchange..
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Earlier too such problems were encountered.. In toady, in this modern age trade is carried out with the help of currency only..
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Visible Trade. . When there is buying and selling of goods it is called visible trade..
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TESTING. 1) Buying and selling activity is known as?.
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