TYPES OF COMMERCE ACTIVITIES
TYPES OF COMMERCE ACTIVITIES Numerous activities are necessary to remove the obstacles or hindrances in the way of exchange of goods and services. Each group of activities undertaken to remove a particular obstacle takes the form of the branch of commerce. The branches of commerce can be classified into two broad categories viz (i) Trade , and (ii) Services which facilitate trade and industry. TRADE Trade refers to the sale, transfer or exchange of goods and services. It constitutes the central activity around which the services like banking, transportation, insurance, packaging, warehousing, and advertising cluster. Trade is actual purchase and sale of goods in a market. Trade may be classified into following two broad categories:- (i) INTERNAL OR HOME TRADE :- It consists of buying and selling of goods within the boundaries of country and the payment for the same is made in national currency either directly or through banking system. Internal tra...