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.

• 00:48 “What is trade? It is the fundamental concept that involves the buying and selling of goods in a market place. It is an expansion and exchange of services for a competition by the buyer. It can also be seen as an action t...”
• 21:52 “and also for keeping against damages or rain or natural disasters. When you go through their cart log and you pick what you want, then they go to their show and bring it out for the customer. It is like a garage designed...”
• 01:36 “Also within an economy, it is among producers and consumers. So consumer is the final buyer. The producer of the product, it could be T. It could be even the BORVITA, the producer as giving us BORVITA in the markets. Wha...”