Essay: The purpose and goals of trade

8 Sep

Essay: The purpose and goals of trade

To start with, trade refers to all the activities that involve exchanging of goods and services either for other good or for money . Primarily over the decades, the main objective of trade has been and still is to facilitate the exchange of goods and services amongst people mainly to ensure that one gets what they are not able to produce and at the same get better ways of disposing their surplus.

Besides that, trade ensures that there are adequate commodities in the market in order to prevent exploitation of customers in things such as hoarding of products and selling them at very high and unfair prices, which can otherwise happen in cases where there are insufficient products in the market.

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