Meaning and Types of Trade

The lesson explains the concept of trade as the buying and selling of goods. It describes the types of trade, including own trade and foreign trade, and outlines the services that facilitate trade. The role of Customs and Excise in foreign trade is also discussed.

• 23:28 “So this is an analysis on the basis of the government. Another rule is the important monitoring of the warehouses for prohibited goods, goods that the governments have prohibited from entering the nation. So at the borde...”
• 05:29 “And also, school shoes. There are some very good letters in Italy. So an Italian man can decide to produce good shoes, good school shoes. We used to remember this company called Batta. They bring shoes from abroad to Nig...”
• 04:43 “It is the buying and selling of goods or exchange of services between one country to another. Exchange of goods. So a trader that sells, for example, myths is residing in legal's Nigeria here. He cannot carry myths to ab...”