Premlal C R
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EN-US
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AR-SA
UNIT-1
PRODUCTION
ECONOMIC ACTIVITY
An effort to do something is known as an
activity. Why do so many people engage themselves in different activities? The
answer is that they want to earn their livelihood and to satisfy their wants
and needs.
Human activities are broadly classified into two
categories;
Economic activities: - Economic activities are those
activities which relate to the production and exchange of economic goods or
services for getting something in return. Eg:-...
Unit-2 RETAIL TRADE
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UNIT-2
RETAIL TRADE
Retailer
A retailer is a middleman who buys
goods from the manufacturer or from the wholesaler and sells to the final
consumers in small quantities. He acts as a connecting link between the
wholesalers and the consumers.
Retail trade
Retail
trade consists of buying goods from wholesalers in large quantities and selling
them to consumers in small units with the view to make a profit.
Functions of the retailer.
1. Breaking bulk.
The retailer buys goods from the
wholesalers in large quantities and cuts it into smaller quantities or units
and...
