Auxiliaries to trade (banking and finace) - vaibhav garde XIB.pptx

ppt on auxiluries to trade

1. Auxiliaries to trade Banking and finance BY- Vaibhav GRADE-XI/B

2. What is trade Trade refers to the voluntary exchange of goods or services between different economic actors. Since the parties are under no obligation to trade, a transaction will only occur if both parties consider it beneficial to their interests

3. What is auxiliary to trade   . But there are a lot of activities involved between this buying and selling, which are known as auxiliaries to trade or aids to trade. These include transport, banking, warehousing, insurance, etc. Thus, commerce includes both trade and auxiliaries to trade The link between producers and consumers is provided by commerce, which ensures distribution of goods and services. The hindrance of persons is removed by trade, by making goods available to the customers

4. What are the aids to trades 1. Transport and Communication. 2 . Banking and Finance 3. Insurance 4. Warehousing 5. Advertising

5. What is banking and finace Banking and Finance explores the dynamic, fast-paced world of money, shares, credit and investments.  Finance is an essential part of our economy as it provides the liquidity in terms of money or assets required for individuals and businesses to invest for the future

6. How is banking an aid to trade  Business activities cannot be undertaken unless funds are available for acquiring assets, purchasing raw materials, and meeting other expenses. Necessary funds can be obtained by businessmen from a bank or financial institution. Thus, banking helps business activities to overcome the problem of finance. Commercial banks, generally lend money by providing overdraft and cash credit facilities, loans, and advances. In foreign trade, commercial banks help exporters in collecting money from importers. Commercial banks also help promoters of companies to raise capital from the public

7. Thank you