Internal Trade
Karnataka Board · Class 11 · Business Studies
Summary of Internal Trade for Karnataka Board Class 11 Business Studies. Key concepts, important points, and chapter overview.
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Overview
Internal trade refers to the buying and selling of goods and services within the boundaries of a nation. Unlike external trade, no custom duties or import duties are levied on internal trade as goods are part of domestic production meant for domestic consumption. This chapter explores the various as
Key Concepts
Trade that takes place within
Trade that takes place within a country's boundaries involving buying and selling of goods and services domestically. No custom duties are involved as
Purchase and sale of goods
Purchase and sale of goods and services in large quantities for the purpose of resale or intermediate use. Wholesalers act as intermediaries between m
Sale of goods and services
Sale of goods and services in relatively small quantities directly to ultimate consumers. Retailers are the final link in the distribution chain conne
Mobile traders without fixed business locations
Mobile traders without fixed business locations who move from place to place selling goods. Include peddlers, hawkers, market traders, street traders,
Retailers with permanent establishments including small
Retailers with permanent establishments including small retailers (general stores, specialty shops) and large retailers (departmental stores, chain st
Learning Objectives
- Understand the meaning and significance of internal trade in the Indian economy
- Distinguish between wholesale trade and retail trade
- Analyze the services provided by wholesalers to manufacturers and retailers
- Examine the functions and services of retailers to consumers and producers
- Classify different types of retail establishments and their characteristics
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Sources & Official References
- Karnataka SSLC — kseeb.kar.nic.in
- Dept of Pre-University Education, Karnataka
- National Education Policy 2020 — education.gov.in
Content is aligned to the official syllabus. Refer to the board website for the latest curriculum.
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Syllabus
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