Internal Trade
Internal trade is also known as Home trade. It is conducted within the political and geographical boundaries of a country. It can be at local level, regional level or national level. Hence trade carried on among traders of Delhi, Mumbai, etc. is called home trade.
Internal trade
can be further sub-divided into two groups, viz.
Wholesale Trade:
It involves buying in large quantities from producers or manufacturers
and selling in lots to retailers for resale to consumers. The wholesaler is a
link between manufacturer and retailer. A wholesaler occupies prominent
position since manufacturers as well as retailers both are dependent upon him.
Wholesaler act as a intermediary between producers and retailers.
Retailer Trade:
It involves buying in smaller lots from the wholesalers and selling in
very small quantities to the consumers for personal use. The retailer is the
last link in the chain of distribution. He establishes a link between
wholesalers and consumers. There are different types of retailers small as well
as large. Small scale retailers include hawkers, pedlars, general shops, etc.
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