Explain briefly internal trade.

1.	Explain briefly internal trade.
Answer» Internal trade: The trade that takes place among different regions but within the boundaries of a country is called internal trade. Example: A trader of Gujarat buying woollen sweaters from Punjab. A kite maker of Surat selling his kites to a trader in Baroda. From the perspective of distribution, internal trade can be divided into. Wholesale trade and Retail trade. 1. Wholesale trade: In wholesale trade a wholesaler purchases the goods in wholesale i.e. a very large quantity from the producer and sells it to various retailers as per their requirement. For example, a wholesaler may buy 500 electric fans from a manufacturing company and sell it to various retailers in quantities like 5, 7, 10, 50, etc. as per retailer’s need. Wholesaler serves as a link between producer and retailer. 2. Retail trade: In retail trade, retailer purchases goods from wholeseller and sells the goods to the customers as per their need.

Answer»

Internal trade:

The trade that takes place among different regions but within the boundaries of a country is called internal trade.
Example:

From the perspective of distribution, internal trade can be divided into.

1. Wholesale trade:

In wholesale trade a wholesaler purchases the goods in wholesale i.e. a very large quantity from the producer and sells it to various retailers as per their requirement.
For example, a wholesaler may buy 500 electric fans from a manufacturing company and sell it to various retailers in quantities like 5, 7, 10, 50, etc. as per retailer’s need.
Wholesaler serves as a link between producer and retailer.

2. Retail trade:

In retail trade, retailer purchases goods from wholeseller and sells the goods to the customers as per their need.

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