TRADE AND

KIRTIRAJ SINGH

AUXILIARIES
TO TRADE
What beginners need to know
Key talking
points PRESENTATION
FRAMEWORK

- Knowing the Basics

-Trade
-Types of Trade
-Auxiliaries to Trade
TRADE AND AUXILIARIES
TO TRADE -Parts of Auxiliarires to Trade
KNOWING
THE BASICS
What is a trade?

TRADE AND AUXILIARIES TO TRADE

Trade is the voluntary exchange of goods or
services between different economic actors.

What is auxiliaries to trade?

Auxiliaries to trade refer to the factors that
are essential for bringing the goods from
the place of their production to the place of
their consumption.
TRADE
The exchange of
goods by 2 parties
TRADE
Trade may be classified on the basis of the
geographical area into two bases:
1) Internal Trade
2) External Trade

TRADE AND AUXILIARIES TO TRADE

INTERNAL TRADE
Internal trade refers to the process of exchanging goods and
services within the national boundaries of a country. In other words,
the buying and selling of goods and services within the domestic
territory of a country is known as internal trade.

EXTERNAL TRADE
When buying and selling of goods take place across the
national boundaries of different countries it is called External
trade. It is also known as Foreign trade or International trade
AUXILIARIES
TO
TRADE
The exchange of
goods by 2 parties
AUXILIARIES TO
TRADE
1. TRANSPORT AND COMMUNICATION:

TRADE AND AUXILIARIES TO TRADE

THIS IS ONE OF THE MOST IMPORTANT AUXILIARY FUNCTIONS THAT SUPPORT TRADE

2. BANKING AND FINANCE:

BANKS AND FINANCIAL INSTITUTIONS HELP DRIVE THE WHEELS OF THE TRADE.

3. WAREHOUSING:
WAREHOUSING REFERS TO THE PROCESS OF STOCKING OF GOODS SO THAT IT CAN
BE DELIVERED TO CUSTOMERS EFFECTIVELY.

4. ADVERTISING:
ADVERTISING IS A VERY ESSENTIAL AUXILIARY TO TRADE AS IT HELPS IN THE
PROMOTION OF THE GOODS AND SERVICES.
Kirtiraj Singh

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