Tag: human geography in tamil nadu

Major imports of Tamil Nadu include:

Roadways and railways play an important role in the internal trade. In this type of trade, the national currency is involved to carry on the trade.

The primitive method of trade was known as the barter system where goods were exchanged for goods.

In internal trade, the national currency is used to carry on the trade.

Trade may be defined as "an exchange of goods and commodities either within the country or between countries." In simple terms, buying and selling of commodities is called trade and it may be local, regional, national and international.

Ports and harbours play an important role in international trade.

• Coimbatore is the 2nd largest city in Tamil Nadu, with more than 30,000 small, medium, large and tiny Industries and Textile Mills. 
  
• Due to the industrial activity Coimbatore is known as Manchester of South India. The city is also known for its handloom products.
  

Multinational currencies are used to carry on international trade.

Trade is called an engine of growth because it helps in the increase of foreign currency reserves; it makes available all kinds of goods anywhere; trade increases technology transfer from one country to another; it improves the welfare of the workers; and it helps to increase the total production of a country.

Buying and selling of commodities and services within the country is known as internal trade. Whether the products are bought from local market, central market, and departmental store or from a door-to-door salesperson, all these are examples of internal trade. No custom duty or import duty is levied on this type of trade. Internal trade is a field of economy that includes both wholesale and retail trade.