Auxiliaries to Trade

Auxiliaries to trade refer to those activities which are meant for assisting trade. They are the supporting activities that help in the smooth functioning of trade. These activities are essential for the efficient and effective operation of trade. The various auxiliaries to trade are as follows:

1. Transportation: Transportation is an essential auxiliary to trade. It involves the movement of goods from one place to another. It can be done through various modes like roadways, railways, waterways, and airways.

2. Warehousing: Warehousing involves the storage of goods. It provides a safe and secure place for storing goods until they are needed. It also helps in the smooth movement of goods from one place to another.

3. Insurance: Insurance is another important auxiliary to trade. It provides protection against the loss or damage of goods. It helps in reducing the risk of loss due to various factors like fire, theft, and natural calamities.

4. Banking and Finance: Banking and finance are also important auxiliaries to trade. They provide financial assistance to traders in the form of loans, overdrafts, and other financial services. They also help in the smooth flow of money in the market.

5. Advertising: Advertising is a vital auxiliary to trade. It helps in creating awareness about the products and services offered by traders. It helps in attracting customers and increasing sales.

In conclusion, auxiliaries to trade are the supporting activities that assist in the smooth functioning of trade. They are essential for the efficient and effective operation of trade.