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Auxiliaries to Trade refer to all those activities which are undertaken to overcome the hurdles appearing in the way of Trade". Identify and briefly explain the activities to overcome following hindrances of trade • Hindrance of Place • Hindrance of Time • Hindrance of Risk • Hindrance of Finance • Hindrance of Information.?
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Auxiliaries to Trade refer to all those activities which are undertake...
Auxiliaries to Trade: Overcoming Hindrances

Hindrances in trade can arise in the form of place, time, risk, finance, and information. Auxiliaries to trade refer to all activities that can be undertaken to overcome these hurdles. Let's explore how these hindrances can be overcome:

1. Hindrance of Place
- Warehousing: Warehouses can be used to store goods closer to the market, reducing transportation costs and time.
- Transportation: Efficient transportation systems can be developed to transport goods from the producer to the consumer.

2. Hindrance of Time
- Quick transportation: The use of air transportation can speed up delivery times.
- E-commerce: Online shopping can eliminate the need for physical stores and reduce delivery time.

3. Hindrance of Risk
- Insurance: Insurance can be used to protect goods during transit and storage.
- Quality control: Ensuring that goods are of good quality can reduce the risk of returns or losses.

4. Hindrance of Finance
- Credit facilities: Offering credit facilities to buyers can increase sales and boost trade.
- Government subsidies: Governments can offer subsidies to encourage trade and reduce financial risks.

5. Hindrance of Information
- Market research: Conducting market research can help identify demand and consumer preferences.
- Advertising: Advertising can help create awareness of products and increase sales.

In conclusion, auxiliaries to trade are essential for overcoming hindrances in trade. By addressing the hindrances of place, time, risk, finance, and information, trade can be made more efficient, profitable, and sustainable.
Community Answer
Auxiliaries to Trade refer to all those activities which are undertake...
There are a lot of activities that are required to facilitate the purchase and sale of goods. These are called services or auxiliaries to trade and include transport, banking, insurance, communication, advertisement, packaging and warehousing. Commerce, therefore, includes both, buying and selling of goods i.e., trade as well as auxiliaries such as transport, banking, etc.
Commerce provides the necessary link between producers and consumers. It embraces all those activities, which are necessary for maintaining a free flow of goods and services. Thus, all activities involving the removal of bottlenecks in the process of exchange are included in commerce. The bottlenecks may be in respect of persons, place, time, risk, finance, etc.
The hindrance of persons is removed by trade thereby making goods available to the consumers from the producers. Transport removes the bottlenecks of place by moving goods from the places of production to the markets for sale. Storage and warehousing activities remove the bottleneck of time by facilitating holding of stocks of goods to be sold as and when required. Goods held in stock as well as goods in course of transport are subject to the risk of loss or damage due to theft, fire, accidents, etc.
Protection against these risks is provided by insurance of goods. Capital required to undertake the above activities is provided by banking and financing institutions.
Advertising makes it possible for producers and traders to inform consumers about the goods and services available in the market. Hence, commerce is said to consist of activities of removing the hindrances of persons, place, time, risk, finance and information in the process of exchange of goods and services.
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Read the extract given below and answer the questions that follows:There are many activities that are undertaken by directly using natural resources. When we produce a good by exploiting natural resources, it is an activity of the primary sector. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. The various production activities in the primary, secondary and tertiary sectors produce a very large number of goods and services. Also, the three sectors have a large number of people working in them to produce these goods and services. The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country. It is the value of all final goods and services produced within a country during a particular year. GDP shows how big the economy is.Q. Which of the following statement is not true?

Read the extract given below and answer the questions that follows:There are many activities that are undertaken by directly using natural resources. When we produce a good by exploiting natural resources, it is an activity of the primary sector. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. The various production activities in the primary, secondary and tertiary sectors produce a very large number of goods and services. Also, the three sectors have a large number of people working in them to produce these goods and services. The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country. It is the value of all final goods and services produced within a country during a particular year. GDP shows how big the economy is.Q. Match the following list of occupations with their sectors

Read the extract given below and answer the questions that follows:There are many activities that are undertaken by directly using natural resources. When we produce a good by exploiting natural resources, it is an activity of the primary sector. Since most of the natural products we get are from agriculture, dairy, fishing, forestry, this sector is also called agriculture and related sector. The secondary sector covers activities in which natural products are changed into other forms through ways of manufacturing that we associate with industrial activity. It is the next step after primary. The product is not produced by nature but has to be made and therefore some process of manufacturing is essential. After primary and secondary, there is a third category of activities that falls under tertiary sector and is different from the above two. These are activities that help in the development of the primary and secondary sectors. These activities, by themselves, do not produce a good but they are an aid or a support for the production process. The various production activities in the primary, secondary and tertiary sectors produce a very large number of goods and services. Also, the three sectors have a large number of people working in them to produce these goods and services. The value of final goods and services produced in each sector during a particular year provides the total production of the sector for that year. And the sum of production in the three sectors gives what is called the Gross Domestic Product (GDP) of a country. It is the value of all final goods and services produced within a country during a particular year. GDP shows how big the economy is.Q. Which of the following is an example of tertiary activities?

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Auxiliaries to Trade refer to all those activities which are undertaken to overcome the hurdles appearing in the way of Trade". Identify and briefly explain the activities to overcome following hindrances of trade • Hindrance of Place • Hindrance of Time • Hindrance of Risk • Hindrance of Finance • Hindrance of Information.?
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Auxiliaries to Trade refer to all those activities which are undertaken to overcome the hurdles appearing in the way of Trade". Identify and briefly explain the activities to overcome following hindrances of trade • Hindrance of Place • Hindrance of Time • Hindrance of Risk • Hindrance of Finance • Hindrance of Information.? for Class 10 2024 is part of Class 10 preparation. The Question and answers have been prepared according to the Class 10 exam syllabus. Information about Auxiliaries to Trade refer to all those activities which are undertaken to overcome the hurdles appearing in the way of Trade". Identify and briefly explain the activities to overcome following hindrances of trade • Hindrance of Place • Hindrance of Time • Hindrance of Risk • Hindrance of Finance • Hindrance of Information.? covers all topics & solutions for Class 10 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Auxiliaries to Trade refer to all those activities which are undertaken to overcome the hurdles appearing in the way of Trade". Identify and briefly explain the activities to overcome following hindrances of trade • Hindrance of Place • Hindrance of Time • Hindrance of Risk • Hindrance of Finance • Hindrance of Information.?.
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