1. Business Services

Business services are activities that support the primary and secondary sectors of the economy. They include banking, insurance, transportation, warehousing, communication, and information technology. These services facilitate business operations, enable trade, manage risks, and ensure the smooth flow of goods and information, playing a crucial role in the overall functioning of the economy, including India's service-driven growth.

2. Internal Trade

Internal trade refers to the buying and selling of goods and services within the boundaries of a country. It can be wholesale trade (selling goods in large quantities to retailers) or retail trade (selling goods directly to consumers). Efficient internal trade networks are vital for distributing products, creating markets, and contributing to economic activity within a nation.

3. International Business

International business involves commercial transactions that cross national borders, including trade in goods and services, foreign direct investment, and licensing. Factors influencing international business include global trade agreements, exchange rates, cultural differences, and political stability. For India, international trade is crucial for economic growth, access to technology, and foreign exchange earnings.