Question

Attempt the following.

Describe the scope of internal trade.

Answer 1

Internal trade is a part of the trade. It includes buying and selling of goods within the country. Internal trade is further divided into two parts.

1. Wholesale Trade: Wholesale trade is a trade conducted on a large scale. A wholesaler purchases goods in bulk from the manufacturer and sells them to the retailers. Wholesaler forms a large network through which he helps to distribute goods at distant places. A wholesaler is an expert trader in his field. He acts as a link between the manufacturer and the retailer.
2. Retail Trade: Retail trade is a trade conducted on a small scale. He purchases goods from the wholesalers and sells them to the consumers in the required quantities. The retailer comes into direct contact with the consumers. A retailer caters to the .needs of consumers by providing them various goods in whatever quantities they want.