WHOLESALE
According to the United Nations Statistics Division, "Wholesale"
is the resale (sale without transformation) of new and used goods to retailers,
to industrial, commercial, institutional or professional users, or to other
wholesalers, or involves acting as an agent or broker in buying merchandise
for, or selling merchandise to, such persons or companies. Wholesalers frequently
physically assemble, sort and grade goods in large lots, break bulk, repack
and redistribute in smaller lots.Wholesaling has played an important part in
the growth of International Trade.
International Trade is the exchange of goods and services across international boundaries or territories.In most countries, it represents a significant share of GDP. While international trade has been present throughout much of history, its economic, social, and political importance has been on the rise in recent centuries. Industrialization, advanced transportation, globalization, multinational corporations, and outsourcing are all having a major impact on the international trade system. Increasing international trade is crucial to the continuance of globalization. International trade is a major source of economic revenue for any nation that is considered a world power. Without international trade, nations would be limited to the goods and services produced within their own borders.(1)
source
(1) wikipedia