Trade involves the transfer of good of services from one person or entity to another, often in exchange for money. A system or network that allows trade is called a market.An early form of trade, barter, saw the direct exchange of goods and services for other goods and services. Barter involves trading things without the use of money.

Trade

Later, one bartering party started to involve percious metals, which gained symbolic as well as practical importance. Modern traders generally negotiate through a medium of exchange, such as money. As a result, buying can be separated from selling, or earning. The invention of money. (and later credit, paper money.and none-physical money.) greatly simplified and promoted trade. Trade between two traders is called bilateral trade, while trade involving more than two traders is called multilateral trade.

Retail trade consists of the sale of goods or merchandise from a very fixed location (such as a department store, botique or kiosk), online or by mail, in small or individual lots for direct consumption or use by the purchaser. wholesale trade is defined as traffic in goods that are sold as merchandise to retailers, or to industrial, commercial, institutional, or other professional business users, or to other wholesalers and related subordinated services.

 

Source: wikipedia

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