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AID TO TRADE

Business Studies

AID TO TRADE

MEANING OF AIDS TO TRADE By the expression Aids to Trade we mean those things or agents that make trade to grow . The aids to trade make trade easy and for this reason they are called aids to trade or factors of trade or auxiliary to trade.   THE AIDS TO TRADE These aids to trade are: Insurance Banking Transportation Warehousing Advertising Communication and Tourism   FUNCTION OF AIDS TO TRADE The functions of above aids to trade are as follows: 1. Insurance: insurance covers risks. It is an aid to trade because it encourages business men to take risky business ventures. 2. Banking: the two main functions of a bank is to save money and lend money. This money accepted and saved for costumers are lent to businesses as capital. In this way the bank is an aid to trade . 3. Transportation: transport helps trade by moving… Read More »AID TO TRADE

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