Trade and types of trade

Trade and types of trade, Trade and types of trades. Trade is part or branch of commerce or let’s say one the main divisions of commerce.

WHAT IS TRADE?

Trade is the act of buying and selling of goods and services. The word trades also consists of trade by barter which we will treat in later on. Every human being engages in one form of trading activity or the other. 

HOW CAN WE DIFFERENTIATE TRADE FROM COMMERCE?

The difference between trade and commerce is not so difficult to understand because trades is centered on buying and selling of goods but commerce encompass buying and selling, distribution and exchange of goods and services.

TYPES OF TRADE

Trade which is concerned with buying and selling has two major areas or we can Trade is divided into 2 groups. These groups of trade are Home trade and foreign trades. The home trade type is divided into wholesaling and retailing type of trade. Here retail trade is the act of buying and selling of goods in small quantities. The retail involves small scale businesses like hawking, petty trading and they mainly buy their goods from wholesalers and so the retail trade is the final link in the distribution of goods channel.

The wholesaling is the type of trade that engages in the buying goods and services in large quantities, stores these goods, distribute to retailers, grants credit facilities to producers and manufacturers alike.

IMPORTANCE OF TRADE

There are several importance of trades which am going to list under. at least now you have fully understand the term trade and commerce so let’s go on and state the various importance of trades.

1. Trade makes it possible that goods produced in different countries can be found in other countries other than the place of production. The importance of trade is known as distribution
2. Trades make makes the exchange of goods possible like trade by barter
3. With the help of retail trade a consumers in the remote places can get what they want to buy from hawkers and petty traders around their communities instead of going to cities looking for wholesalers.
4. Trade makes it possible to bye-pass trades by barter system of trading of the past where people will have to wait or go about looking for wants what they have as goods before they too can get   exchange their goods
5. Foreign trades helps a country to earn foreign exchange from import and export of goods and services

Some or all importance of trade can be related to commerce as trade is one of the branches of commerce in quote so the importance of trades are also that of commerce.  You can read my detail post on foreign trade here.  Check out home trade here. Trade by barter here

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1. ENVIRONMENTAL FACTORS AFFECTING AGRICULTURAL PRODUCTION

2. DISEASES

3. 52. SOIL MICRO-ORGANISMS

4. ORGANIC MANURING

5. FARM YARD MANURE

6. HUMUS                  

7. COMPOST

8. CROP ROTATION

9. GRAZING AND OVER GRAZING

10. IRRIGATION AND DRAINAGE

11. IRRIGATION SYSTEMS

12. ORGANIC MANURING

13. FARM YARD MANURE

14. HUMUS

15. COMPOST

16. CROP ROTATION

17. GRAZING AND OVER GRAZING

18. IRRIGATION AND DRAINAGE

19. IRRIGATION SYSTEMS

20. INCUBATORS

21. MILKING MACHINE

22. SIMPLE FARM TOOLS

23. AGRICULTURAL MECHANIZATION

24. THE CONCEPT OF MECHANIZATION

25. PROBLEMS OF MECHANIZATION

26. SURVEYING AND PLANNING OF FARMSTEAD

Meaning: capital consumption refers to the using up of existing capital stock and not replacing worn-out capital goods used in production. When fixed assets like building, motor vehicles, plants and machinery are being used and tear of these capital goods which reduce their value that is referred to in economic as consumption or depreciation. During the period of capital consumption enough saving are not made to maintain and place depreciating capital goods or assets. If a country finds it difficult to maintain its stock of capital, either by making provision for appreciation or her inability to replace worn-out on capital or consuming capital and this affects the standard of living of the people negatively.

4.14       THE ENTREPRENUER

Definition: an entrepreneur can be defined as the factor of production that co-ordinates and organizes other factor of production (Land, Labour and Capital) in order to produce goods and services. The entrepreneur bears the risks and takes major decisions of the business. He risks his capital in setting up the business with the aim of obtaining maximum profit.

      In summary, the entrepreneur is the person who co-ordinates, controls and organizes the process of production in order to make maximum output at minimum cost thereby making profits. He is the M.D or CEO in an executive office. The reward for entrepreneur is profit.

Characteristics of entrepreneur

1. Risk bearer: he risks his capital in the course of investment and whatever comes out of it, whether good or bad, he has to take.
2. Organization: he organizes productive resources for the production of goods and services.
3. Decision making: he takes decisions in the course of production, which can bring out better results.
4. Controls other factors: he has absolute control over other factors of production, e.g. their combinations in order to get maximum production at minimum cost.

Importance of entrepreneur

1. Decision making: The entrepreneur takes decision during production process. He may take decision on what to produce, quantity to produce, what to supply and at what price to sell. Good decisions taken will bring out good results.
2. Provision of capital: The entrepreneur is responsible for the provision of capital for business. The availability of enough capital will determine the level of success of the business. His capital may include physical cash, motor vehicles, building, plants and machinery.
3. Risk bearing: the entrepreneur bears the risk associated with the business. Lots of risks are involved in all business set up, e.g. stealing, bad weather and fire. When his goods are in high demand, he makes profit but when the reserve is the case, he suffers losses.

HOLING AND LINING

40. YAM

41. LAND PREPARATION FOR YAM

42. DEPT OF PLANTING

43. SPACING OF YAM

44. PLANTING DEPT OF YAM

45. STORAGE OF YAM

46. STAKING OF YAM

47. HARVESTING OF YAM

48. COWPEA

JUTE

49. FORAGE CROP AND PASTURE

50. FORAGE GRASSES

51. SILAGE

52. PASTURE         

53. TYPES OF PASTURE

COMMON GRASSES AND LEGUMES

54. GRASSES

55. LEGUMES

56. ESTABLISHMENT OF PASTURES

57. 201ECONOMIC REFORM PROGRAMMES IN NIGERIA

58. HAY SILAGE

59. FORESTRY IMPORTANCE OF FORESTRY 206. FOREST MANAGEMENT FOREST REGULATION DEFORESTATION AFFORESTATION

60. DISEASES AND PESTS OF CROPS

61. MAIZE SMUT

62. RICE BLAST

63. MAIZE RUST

68. CASSAVA BACTERIA BLIGHT

69. BLACK ARM BACTERIA BLIGHT OF COTTON

70. TOMATO ROOT KNOT

71. DAMPING-OFF OF TOMATO

72. ONION DOWNY MILDEW

73. STORED PRODUCE MOULD

74. PESTS OF CROPS

75. STEM BORERS

76. ARMY WORM

77. COCOA MIRIDS(CAPSIDS)

78. APHIDS

79. WHITE FLY SEED BUGS

80. CASSAVA CULTIVATION

102. A SYNAPSE ACTION IMPULSE REFLEX ACTION VOLUNTARY ACTION

• 103. THE CENTRAL NERVOUS SYSTEM
• 104. PERIPHERAL NERVOUS SYSTEM
• 105. THE REPRODUCTIVE SYSTEM MALE AND FEMALE REPRODUCTIVE SYSTEM
• 106. REPRODUCTIVE SYSTEM OF BIRDS
• 107. THE CIRCULATORY SYSTEM
• 108. THE PULMONARY CIRCULATION
• Abiogenesis
• 110. THE RESPIRATORY SYSTEM
• 111. THE TRACHEA INSPIRATION THE EXPIRATION THE DIAPHRAGM
• 112. HEAT PERIODS OESTROUS CYCLE
• 113. MATING
• 114. PARTURITION
• 115. MAMMARY GLAND
• 116 Abiogenesis  117. EGG FORMATION IN POULTRY 118. LIVESTOCK MANAGEMENT
• 119. MANAGEMENT OF GOATS 120. REPRODUCTION IN GOAT
• 121. Abiogenesis  122. POULTRY MANAGEMENT
• 123. BATTERY CAGE SYSTEM
• 124. INTENSIVE SYSTEM
• 125. . SEMI-INTENSIVE EXTENSIVE SYSTEM
• PROODING AND REARING IN POULTRY
• 126. POULTRY SANITATION
• 127. ANIMAL NUTRITION
• 128. RATION
• 129. CONCENTRATE
• 130. ROUGHAGE
• 131. NUTRIENT SOURCES AND FUNCTIONS
• 132. CARBOHYDRATES
• 133. PROTEIN FATS
• 134. MINERALS
• 135. VITAMINS
• 136. FEEDING MECHANISMS IN HOLOZOIC ORGANISMS
• 137. TYPES OF DIETS
• 138. FATTENING OR FINISHING DIETS
• 139. LAYER DIETS
• 140. BALANCED DIETS

• 142. MALNUTRITION
• 143. DISEASE, CAUSES, SYMPTOM CORRECTION
• 144. RANGE MANAGEMENT AND IMPROVEMENT
• 145. LIVESTOCK DISEASES
• 146. VIRAL DISEASES

147. RINDER PESTS

148. NEWCASTLE DISEASE

149. BACTERIA DISEASES

150. ANTHRAX

151. BRUCELLOSIS

152. TUBERCULOSIS

153. FUNGAL DISEASES

154. PROTOZOAN DISEASES

155. TRYPONOSOMIASIS

156. COCCIDIOSIS

157. RED WATER FEVER(PIROPLASMOSIS)

158. ENDO PARASITES

159. TAPE WORM

160. ROUND WORM OF PIGS

161. LIVER FLUKE

162. ECTO PARASITES

163. TICK

164. LICE