Trading

Trade across the Sahara remained of great economic importance to African countries and Sudan until the emergence of ocean trade.

Trade is the voluntary exchange of goods, services, or both.

The place where goods are exchanged is traditionally called the market, then the word market has become a sign of the entire field in which a merchant can sell his goods, it is no longer confined to one place but rather includes all options available to him for sale.

During the sale, the price of the goods, whose value is estimated, is negotiated, and payment is now made by means of commercial exchange called cash, rather than the traditional form of sale that was a barter (one against another).

Trade is focused on the exchange of goods or services, and exchange may occur between two parties (bilateral trade) or between several parties (multi-faceted trade).

Money was invented to facilitate the trade process and in the modern era credit cards and e-commerce have been introduced to facilitate trading in commercial stocks and spot purchases.

Definition of trade

Linguistic significance

The meaning of commerce is limited to the meaning of the language for the word "trade", as it is flipping money for the purpose of profit (the word trade is revealed in the chapter under the heading "drag" trade or commerce - the surrounding dictionary - Part One).

And the scholar Ibn Khaldoun defined trade in his famous introduction as: trying to earn money by developing money by buying cheap and expensive goods.

Thus the simplest business is selling a commodity at a greater price and the difference is profit.

The economic significance of the word "trade focuses on the process of mediation and mediation between a product and a consumer.

This results in the departure of two types of business from the scope of trade, even if they are located on both ends of the economic activity line; the first type is what the first product of the commodity does, especially if it comes to agricultural products.

The second type: It is the actions of the last consumer that are limited to buying the commodity with a view to its consumption and use, and from here we find a convergence between the linguistic concept of trade and the economic concept of trade, which in turn is represented in the activity and business related to the circulation of goods and services.

Legal significance

The legal significance: In this regard, the concept of trade expands and exceeds the linguistic and economic concept to include the conversion of products from their initial state into commodities with a view to selling them after remaking them, which are called transformational industries, and also includes activity related to industry, maritime and air transport, banks and the subsequent commercial trades such as brokering and agency with commission Insurance and others.

Sources

• wikipedia.org