EXCHANGE CONTROL
Banking, Business, Commerce, Economics

EXCHANGE CONTROL

INTRODUCTION: The government of any country, for achieving its specific economic objectives, does not permit the free movement of foreign exchange and the conversion of one country’s currency into the currency of another country. Hence, the government makes some rules and regulations to check the free movement and conversion of home/foreign currencies which are called “Exchange Control” policies. After the…

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Difference Between Wholesale Trade and Retail Trade?
Business, Commerce, Differences

Difference Between Wholesale Trade and Retail Trade?

Wholesale Trade: Wholesale trade means buying and selling of goods in large quantities. Wholesale buy goods from producers or distributors in order to sell them in small quantities to the shopkeepers (retailers). Wholesaler has specialized dealings in particular items. He purchases in bulk from producer or industrialists and sell them in small quantity to retailers. Retail Trade: Retailing means selling…

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Trade and Types of Trade
Business, Commerce

Trade and Types of Trade

Introduction: The literary meaning of trade is exchanging of goods. It may be defined as the exchange of commodities between individual or groups either through barter system or through any medium such as money. It includes all the selling and buying activities either within a country or across the boundaries of the country. In actual practice, trade is the whole…

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