TERTIARY SECTOR: TRADE

THE TERTIARY SECTOR

TRADE

Trade is the exchange of products and services for money. Trade can be domestic or foreign. In domestic trade, products and services are exchanged within the same country. In foreign trade, products and services are exchanged with other countries.

Farmers and factories do not usually sell their products directly to customers. There are various stages involved in trade. Producers obtain and make products to sell. Transporters distribute the products to the shops. Sales people sell the products or services to the consumers. Consumers buy the finished products.