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commerce
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trade
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Cards (7)
domestic trade
the
buying
and
selling
of
goods
within the
geographical boundaries
of one
country.
payments
are
made
and
received
in the
currency
of the
home country.
also known as
home trade
or
internal trade.
wholesale trade
the
buying
of
goods
in
bulk
from
manufacturers
and
selling
them to
retailers
and
industrial users
in relatively
small quantities.
serves as a
link
between
producers
and
retailers.
retail trade
refers to the
buying
of
goods
from
wholesalers
and
manufacturers
and
selling
them in
small quantities
directly to the
ultimate consumers.
serves as a
link
between
wholesalers
and
consumers.
foreign trade
buying
and
selling
of
goods
and
services
between
different countries.
also known as
international
trade or
external
trade.
import trade
purchasing goods
from other
countries.
ex:
india
purchases
petroleum
products from
iraq
and
iran
export trade
selling
goods
and
services
to other
countries.
ex:
india exports tea
to
usa
and
uk
entrepot trade
importing goods
from a
country
with the
purpose
of
exporting
them to
another country.
ex:
india exports oil
imported from
iraq
to
bangladesh.