Types of trade

Types of trade

 

Home trade

Trade within a country

This enables the buyer and seller to conduct sale without problems

 

Wholesale trade

Buying and selling (trade) in bulk

This enables the wholesalers to buy in bulk and sell to retailers

 

Retail trade

Trade with the consumers

Retailer buys in small quantities and sells to end consumer in small quantities

 

Foreign trade

Trade outside the country

Buyer and seller are both in different countries. Goods are transferred to the country which needs it