trade

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.