3. NATIONAL
DEVELOPMENT
It is a process of advancement in economic and
social sectors.
The resources have been discovered and exploited
to the maximum utility of the masses.
It reflects strength of human and natural resources,
which make the life rich and easy.
Industry is one of the factors necessary for National
Development
4. TRADE AND
COMMERCE
The action of buying and selling goods and
services.
The activity of buying and selling, especially on a
large scale.
5. INTERNAL TRADE
Domestic Trade is the source of
distribution of goods, their sales
and purchase within the country
Money remains in circulation
with the help of internal trade
It cover retail as well as
wholesale business
6. EXTERNAL TRADE
The deficient needs are met
through their purchase from
other countries and surplus
commodities are sold to other
countries