VISHWADARSHA
NA COLLEGE OF
EDUCATION
NAME: POOJA MARATHE
REG.NO:UO2KT22E0067
CLASS: B.Ed. First semester
SUBJECT: INFORMATION COMMUNICATION
TECHNOLOGY
INTRODUCTION
Trade is a basic economic concept involving the
buying and selling of goods and services, with compensation
paid by a buyer to a seller, or the exchange of goods or
services between parties. Trade can take place within an
economy between producers and consumers. International
trade allows countries to expand markets for both goods and
services that otherwise may not have been available to it. As
a result of international trade, the market contains greater
competition and therefore, more competitive prices, which
brings a cheaper product home to the consumer.
TRADE
The term trade refers
to buying and selling of
goods and services with in
the country or outside the
country.
CLASSIFICATION OF TRADE
TRADE
Internal External
Trade Trade
Wholesal Retail Import Export Entrepot
e Trade Trade Trade Trade Trade
INTERNAL TRADE
Buying and selling of goods and
services with in the geographical
Boundaries of a country is called internal
trade or domestic trade. Payment in
this kind of trade are made and received
with in the currency of the country.
TYPES OF INTERNAL TRADE
WHOLESALE TRADE
It refers to the trade in
which goods are sold in a large
quantities. The person who carries
on the wholesale trade is called
wholesaler. wholesaler buys goods
from the producer in bulk
quantities and forward them in a
small quantities to the retailer.
FUNCTIONS OF WHOLESALE TRADE
Assembling
Storage
Transportation
Financing
Risk bearing
Grading and packing
Providing market information
RETAIL TRADE
RETAIL TRADE
It refers to goods sold in
small quantities. The person
dealing in retail trade is called
retailer. It maintains contact
with consumer and producer
directly.
FUNCTIONS OF RETAIL TRADE
Buying
Selling
Storage
• Risk bearing
• Packing
Credit
• Supply information
Advertising
DIFFERENCE BETWEEN WHOLESALER AND
RETAILER
WHOLESALER RETAILER
They are link between They are link between
manufacturer and retailer. wholesaler and consumer.
They make transactions in They deals in variety of goods,
bulk. and advertise them.
They deal in specific goods, They deal in small quantities.
they do not display their goods. They need less capital.
Capital requirement is heavy.
EXTERNAL TRADE
Trade between two or
more nations is called foreign
trade or international trade. This
involves the exchange of goods
and services between the citizens
of two nations. When the citizens
of one nation exchange goods and
services with the citizen of
another nation is called foreign
trade. Example :India's trade with
USA, France with Pakistan.
Foreign trade transactions are
classified into 3 categories
Import trade
Export trade
Entreport trade
IMPORT TRADE
It refers to the purchase of
goods from foreign country.
countries import goods which are
not produced by them either
because of physical difficulties or
even those goods which are not
produced in sufficient qualities so
as to meet their requirements.
Example- buying petrol from Iraq.
EXPORT TRADE
It means the goods
produced in one country are
shipped to another country for
future sale is called export
trade.
Example: selling wheat,rice to
USA.
ENTREPORT
Sometimes goods are
purchased or imported from one
country with objective of selling or
exporting them to some other
countries it is called entreport
trade.
Example:selling tea to USA and
buying electronic goods from
china
CONCLUSION
Trade promotes economic growth, alleviates
poverty and helps countries reach their development
goals. However, developing countries in particular the
least developed face difficulties in making trade happen
and turning trade into economic growth.
THANK YOU
