THE LITERARY MEANING OF TRADE IS EXCHANGE OF GOODS. IT MAY BE DEFINED AS THE EXCHANGE OF COMMODITIES BETWEEN INDIVIDUALS OR GROUPS EITHER THROUGH BARTER SYSTEM OR THROUGH ANY MEDIUM SUCH AS MONEY. IT INCLUDES ALL THE SELLING AND BUYING ACTIVITIES EITHER WITHIN A COUNTRY OF ACROSS THE BOUNDARIES OF THE COUNTRY. IN ACTUAL PRACTICE, TRADE IS THE WHOLE PROCEDURE OF DISTRIBUTING THE GOODS PRODUCED BY DIFFERENT PERSONS OR INDUSTRIES TO THEIR ULTIMATE CONSUMERS. IT IS , THEREFORE, SAID "THE TRADE REMOVES THE PERSONAL HINDRANCE IN EXCHANGE OF COMMODITIES"
"TRADE IS AN ACTIVITY OF BUYING AND SELLING OF GOODS FOR MONEY OR OTHER GOODS".
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