Trade

Trade refers to the sale, transfer or exchange of goods. It is an activity by which buyers and sellers exchange useful goods and services for mutual advantage. It is the process of by which goods are taken from the source of production to the consumers. The persons engaged in trade are called 'traders' or middlemen'. A trader acts as an intermediary between producers and consumers. Trade may be broadly classified into two parts:
(a) Home Trade
(b) Foreign Trade