Grade 4- Trade in the County

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

1. Creation of employment

2. Improvement of transport and transport

3. Earns foreign exchange

4. Promotes cooperation and understanding

5. Promotes growth of town (urbanization)

6. Promotes agricultural sector

7. Source of revenue for the government

8. Promotes interaction and exchange of ideas 

Lawful trading activities in the county 

1. Lawful trading activities are business that are accepted in the county.

2. These activities involve selling goods and services that have been approved by the county government.

3. One needs a license from the county government before engaging in trading activities.

4. This makes the trading activity lawful.

5. Engaging in a trading activity without a license is unlawful.

6. If you do not pay tax, your trading activities will be considered unlawful.

7. Traders pay taxes to county government

8. We should encourage all people to engage in lawful trading activities.