TRADE
Trade or Commerce: involves the transfer of goods or services from one person or entity to another, often in exchange for money. Trade exists between regions because of the difference of comparative advantages in resources, productions or commodities; when a Market is a network of trades.
Retail Trade, consists of the sale of goods or merchandise from a fixed location in small or individual lots for direct consumption.
Wholesale Trade is the sale of goods to retailers, wholesalers, or commercial institutions as business users or services.
Barter is trading things without the use of money.
Bilateral Trade is a trade between two traders.
Multilateral trade is a trade between more than two traders.
INTERNATIONAL TRADE
Bilateral Trade is a trade between two traders, It is the exchange of capital, goods, and services across countries or territories; it is the global exchange of goods and services.
Global trading gives to consumers and countries the opportunity to be exposed to new markets, products, and services.
- Exports are products sold to the global market.
- Imports are products bought from the global market.
BILATERAL TRADE
Bilateral Trade or Clearing Trade are strategic services or sensitive goods, trades exclusively between two countries; particularly Barters and Bilateral trade agreements, usually to balance deficits clearing accounts.
- Barter is trading products or services without the use of money.
TRIANGULAR TRADE
Multilateral trade is a trade between more than two traders.
Triangular Trade or Triangulation is a trade between three countries or regions to cover certain deficits in the market.
Triangular trade provides a method for rectifying trade imbalances between different regions. it is a historical term and commonly used when a market (or region) has commodities in excess in one country and deficiencies in other countries.