Q.Give the meaning of Trade.

Trade is internal or external. Import, export and entrepot trade are all external (foreign) trade, but wholesale trade is internal trade, so it is the odd one out.

Trade is broadly classified as:

• Internal (home) trade — buying and selling within a country; it is subdivided into wholesale trade and retail trade.
• External (foreign) trade — trade across national boundaries; it includes import trade, export trade and entrepot trade (re-export of imported goods). …

Internal trade can be classified into two categories, so the correct option is (a).

In the types of trade chapter of the Tamil Nadu HSC Commerce syllabus, trade is first divided into internal (home) trade and external (foreign) trade.

• Internal trade (buying and selling of goods within a country) is classified into two categories:
  1. Wholesale trade – buying in bulk from producers and selling to retailers. …

The answer is option (d); the aim of home trade is to provide essential goods and services economically.

Home trade (also called internal or domestic trade) refers to the buying and selling of goods and services within the boundaries of a country. Its central purpose is to ensure the smooth distribution of goods produced within the nation so that consumers can obtain the essential goods and services they need at economical prices and at the right place and time. While a developed home trade may indirectly help raise national incom …