Introduction :-

Trade refers to buying and selling of goods and services. It involves transfer or exchange of goods and services for money or money's worth. The producers produces the goods, then moves on to the wholesalers, then to the retailers and finally to the ultimate (final) consumer.

Trade is essential for satisfaction of human wants, Trade is conducted not only for the sake of earning profit; it also provides service to the consumers. Trade is an important social activity because the society needs uninterrupted supply of goods forever increasing and ever changing but never ending human wants. Trade has taken birth with the beginning of human life and shall continue as long as human life exists on the earth. It enhances the standard of living of consumers. Thus we can say that trade is a very important social activity.