Q14 of 40 Page 1

Define the term ‘Trading Centre’. Differentiate between ‘Retail Trading’ and ‘Wholesale Trading’ in the World.

Trading centres are the towns and cities where buying and selling of items produced elsewhere for profit occurs. Trading centres include all the services of retail and wholesale commerce. Trading centres came into existence when the concept of barter changed to money-exchange in economies. Trading centres are both collection and distribution points and can be rural or urban in nature.



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