Understanding the Market — Entrepreneurship STD 11 Commerce — Question

Trade is referred as the nucleus of commerce around which other aids/ auxiliaries revolve. The producers cannot come into direct contact with all consumers as buyers and sellers are often situated geographically far from each other. From the producers acquiring the goods to be made available to the consumers is said to be trading. So the channel which facilitates the smooth and timely transmission of goods from the producers to the consumers is called trade. Trading removes the hindrance of persons.
Types

1. Home or internal trade.
2. Foreign or external trade.