There are various obstacles in the way of smooth running of trade.All the obstacles are overcome with the help of various agencies known as Aids to trade.
Some of the aids to trade include following services:
(a)Transport:Goods are produced at a few places but are required for use at several different places.It is the function of transport to carry goods from centers of production to centers of consumption.
(b)communication:The transmission of information form one place to another for various purposes is known as communication.Development of industry and trade is very much depends on means of communication.
(c)Banking and Finance:Banks and finance institutions provide finance to business units.They are traders of money and credit.They provide capital for the business in the shape of loan and also help them in remitting money from one place to another.
(d)Insurance:During the movement of goods from place to place or during storage,there are chances of goods being damaged or lost .It protect the traders from the fear of loss of goods.
(e)Advertising and Publicity:The consumers may not be the aware of the availability of various goods in market.The producer will also like to increase his customer .The advertisement is used to educate customer and to publicize goods and services to promote their sales.
Some of the aids to trade include following services:
(a)Transport:Goods are produced at a few places but are required for use at several different places.It is the function of transport to carry goods from centers of production to centers of consumption.
(b)communication:The transmission of information form one place to another for various purposes is known as communication.Development of industry and trade is very much depends on means of communication.
(c)Banking and Finance:Banks and finance institutions provide finance to business units.They are traders of money and credit.They provide capital for the business in the shape of loan and also help them in remitting money from one place to another.
(d)Insurance:During the movement of goods from place to place or during storage,there are chances of goods being damaged or lost .It protect the traders from the fear of loss of goods.
(e)Advertising and Publicity:The consumers may not be the aware of the availability of various goods in market.The producer will also like to increase his customer .The advertisement is used to educate customer and to publicize goods and services to promote their sales.
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