“Trade removes the personal hindrance in exchange of commodities” informationmaker.blogspot.com
“Trade
removes the personal hindrance in exchange of commodities”
Trade
Exchange of commodities between individuals or groups either
directly through barter systems of indirectly through any medium such as money
is called trade.
It includes all the selling and buying activities either
within a country or across the boundaries. In other words, trade is the whole
producers of distributing of goods produced by different persons or industries
to their ultimate consumers. It is, therefore, said “the trade removes to
personal hindrance in the exchange of commodities”
“Trade is
an activity of buying and selling of goods for money or other goods”
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Tender
Tender is a person who buys goods from producers or other
traders and sells these goods to consumers or other merchants. He serves like a
bridge of develops a link between producer and consumer of goods.
Manufacturer
A person or a group of persons engaged in production of goods
is called manufacturer. They are also known as industrialists. They
arrangements to convert raw materials into finished or semi-finished goods.
They earn profit by selling their products through wholesalers and retailers in
local and foreign markets.
Consumers
A person or group of persons or an institution purchases a particular
commodity to consume is known as consumer. His aim is to satisfy his desires
and not a resale for making profit out of it. It is notable that all trade
activities are performed to deliver the produced goods to consumers
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