HISTORies OF TRADES

The process of exchanging the goods or services produced by industry is known as trade.It is a vital part of modern life even the richest nations do not have resources to produce everything their people need to want ;by trading surplus goods with others,countries earn the money to buy the things they need .Trade between different country is called foreign trade.So,called domestic trade place within the boundaries of country.

history of trade

Trade has an achievement from about 300 bc,the phoenicians traded metals,cloth,and animals with mediterranean peoples.from 300 bc,traders travelled the silkm road from china to europe.a famous early trade route.trade between different peoples led to the exchange of ideas and culture as well as goods.Trade between different countries grew steadily from medieval times on when merchants travelled the globe with goods.

DISTRIBUTION

The movement of goods or services from the manufacture of consumer is known as distribution.Distribution between producers,wholesaler and the retailers relies on efficient,economical transport systems.International trade has grown steadily,partly thanks to advnces in transportation for example,the arrival of the railways,air,freight,and refrigerated cargo ships.

WHOLESALERS

Many small shops relay on wholesalers to deliver products to them when needed.A wholesaler is a business that buys large quantities of goods directly from the manufacturers.It stores them in huge warehouse ,ready to sell in smaller amounts at higher pieces to retail outlets or shops. Ware houses are found near major roads or railways,to ensure rapid,economical transport of the products.

RETAILERS

Retailers are business that buys product from wholesalers and sell them at a higher price.Most high street shops are part of the retail trade-a place where consumers can buy the goods they want.As such,shops are the end ofa a long chain of trading.

TARIFFS AND CUSTOMS

Some countries tax imported goods.This tax is known as a customs duty or tariff.Such duties are a way of making money for the government,or of protecting the country's industries by raising the price of imported goods which might otherwise be cheaper than those produced locally.

WORLD TRADE

International trade is regulated by the world trade organization,set up in 1995.It works to reduce trade barriers and tariffs between nations.It succeeded the general agreements on tariffs and trade.set up in 1948 under the auspices of the united nations.