How many types of trade are there?

On the other hand, External Trade, also known as International Trade, involves the exchange of goods and services between different countries. This form of trade fosters economic cooperation and integration among nations, enhancing global economic prosperity.

Both Internal and External Trade can be further segmented into various subcategories, each tailored to specific economic needs and objectives. One such subcategory is Wholesale Trade, which plays a crucial role in the efficient distribution of goods.

Wholesale Trade involves the purchase and selling of goods in large quantities, typically to retailers or other businesses for resale. This mode of trade allows for economies of scale, reducing costs and making products more affordable for consumers.

Trade, a fundamental aspect of economic activity, can be broadly categorized into two distinct types: Internal Trade and External Trade. Both these categories encompass various forms of economic exchange, each with its unique characteristics and significance.

Internal Trade refers to the buying and selling of goods and services within the boundaries of a country. It facilitates the flow of commodities and services across regions, promoting economic growth and development within the nation's borders.