https://doi.org/10.36719/2789-6919/42/99-103
Ali Aliyev
Azerbaijan State University of Economics
graduate student
https://orcid.org/0009-0000-4536-6944
ali.aliyev.11.11.2002@gmail.com
Retail Sales Area and its Planning
Abstract
As we know, one of the areas that form the basis of economic relations in society is commodity-money relations. The main indicator of trade, which forms the basis of these relations, is commodity turnover. Retail sales, which are the main indicator of the paid exchange of goods and services between the buyer and the seller, which is profitable for both parties, have great importance in the socio-economic essence of commodity turnover and the socio-economic development of the country, especially each of its regions. The article examines the concept of retail sales, their main essence and the role of innovations in this direction. Before defining the essence of retail trade and its various features, it is necessary to characterize the development characteristics of retail trade. By realizing the value of consumption produced, commerce links consumption to production and maintains a balance between supply and demand. During the research conducted in this field, we found that even in the 16th-18th centuries, economists considered trade as an important source of profit and the main area of capital investment. For example, English economist Thomas Mann considered trade capital as the main type of capital.
Other representatives of the 18th century Western economic thought are Adam Smith and David Ricardo, who devoted their works on economic theory to market self-regulation, money circulation, commodity production, and the role of the state in regulating market relations and trade.
Keywords: trade, retail sales, planning, innovation, technology.