Trade is the buying and selling of goods and services.
It Is also the exchange of goods and services for money
People sell goods that they have and buy what they do not have.
Methods of trade in the county
Barter trade- it is a method of trade where communities exchanged goods for other goods.
For example: exchanging a bag of potatoes for two goats.
Currency trade – is the use of money to pay for goods and services
For example: people use money to buy food or clothes
Benefits of trade in the county
Creation of employment
Improvement of transport and transport
Earns foreign exchange
Promotes cooperation and understanding
Promotes growth of town (urbanization)
Promotes agricultural sector
Source of revenue for the government
Promotes interaction and exchange of ideas
Lawful trading activities in the county
Lawful trading activities are business that are accepted in the county.
These activities involve selling goods and services that have been approved by the county government.
One needs a license from the county government before engaging in trading activities.
This makes the trading activity lawful.
Engaging in a trading activity without a license is unlawful.
If you do not pay tax, your trading activities will be considered unlawful.
Traders pay taxes to county government
We should encourage all people to engage in lawful trading activities.
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