What is trade? Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties . “Trade is the flow of goods from PRODUCERS to CONSUMERS” How do we classify the trade? Trade can be classified into two types: Internal trade : It refers to buying & selling of goods or services within the geographical boundaries of a country. It is also known as home trade or domestic trade .
Why trade is so important ? Trade is important because all countries have limited resources to respond to their people's needs . So countries trade with one another to complete each other's needs. It became more important to the world today because the needs have since not just evolved, but also increased .
We buy your rice ( SAUDI ARABI A ) We buy your oil (PAKISTAN)
COMMUNICATIONS AND TRANSPORT
COMMUNICATIONS AND TRANSPORT Roads ( T rucks) Railway lines (Trains) Air routs (Aero planes) Sea routs ( C argo boats ships)
What is an Oil terminal ? An oil depot (sometimes called a tank farm, tank farm, installation or oil terminal) is an industrial facility for the storage of oil and/or petrochemical products and from which these products are usually transported to end users or further storage facilities.
What is an oil tanker? S pecial cargo boats which transport oil refined products such as petrol and aviation fuel one place to another country e.g. from Saudi Arabia to Japan they are called ‘oil tankers”
Types of oil tanker
Types of oil tanker
JAZAK ALLAH O KHIRA Presented by: Sir Muhammad Ahme d