Define types of Trade with examples in economics
Import Trade
When one country bought things, commodities, goods or services from another country is called Import Trading.
Export Trade
When one country sells products to another country or gives services then it will come to the export Category.
Entreport Trade
When more than two countries are involved in buying to selling products then this process will be Entrepot Trade.
Whole Sale Trade: Buying or selling goods in bulk for resale to others is called whole Sale Trade. Most of the time one dealer bought goods for small retailers instead of direct Consumers.
“
Retail Trade: Buying or selling commodities in small numbers or called Retail Trade. One consumer purchased 2 Mobiles from Mobile Shop.
Types of Internal Trade
- Stock Trading: Involves the buying and selling of shares of stock in publicly traded companies.
- Forex Trading: Involves the buying and selling of currencies to profit from changes in exchange rates.
- Options Trading: Involves the buying and selling of options contracts, which give the buyer the right, but not the obligation, to buy or sell an underlying asset at a predetermined price.
- Futures Trading: Involves the buying and selling of futures contracts, which are agreements to buy or sell an underlying asset at a future date and at a predetermined price.
- Commodities Trading: Involves the buying and selling of physical commodities, such as gold, oil, and wheat.
- Cryptocurrency Trading: Involves the buying and selling of digital currencies, such as Bitcoin and Ethereum.