Chapter 7, Problem 2CTD

Summary Introduction

To Determine: The paramount concern of government trade is interest of consumers or producers.

Introduction: Trade is defined as purchasing and selling of merchandises and services for cash or its value. It includes exchange or transfer of merchandises and services for cash or its value. The producer manufactures the goods, at that point proceeds onward to the distributer, at that point to retailer lastly to a definitive purchaser.