Reference no: EM132910813
Internal trade is also known as domestic trade, and as the name suggests it is the trade of domestic goods within the confines of the geographical boundaries of a nation. So the buying and selling of either goods or services done within a country is the internal trade.
In such cases of internal trade, there is no levying of import/export taxes or customs duties. Only local government taxes will apply. These are goods domestically produced for domestic consumption only. Now there are two broad categories of internal trade, namely wholesale trade and retail trade. Here we will be focussing on the intricacies of wholesale trade.
Wholesale trade is one of the main categories of domestic trade. In this form of trade goods are generally bought in huge quantities from the manufacturer. These goods are then warehoused and finally sold to retailers, middlemen, merchants etc. The goods in wholesale trade are not sold to the final consume directly. So all the customers of a wholesaler are commercial users or other intermediaries, not the ultimate customers.
Wholesalers are an important link in the trade cycle of a country. They help link the manufacturers with the retailers. Since wholesaler deal on the pre-consumer level, they do not have to offer large varieties. They generally trade in only one type or one category of goods.
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