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Why commerce is known as backbone …

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Why commerce is known as backbone of industry?(6 marks)

    • Posted by Anshul Soni 5 years, 2 months ago

    CBSE > Class 11 > Business Studies
    • 1 answers

    Yogita Ingle 5 years, 2 months ago

    Commerce is considered as the backbone of industry because it performs the following functions :

    1. Helps in eliminating the hindrances of persons.
    2. Helps in eliminating the hindrances of place.
    3. Helps in eliminating the hindrances of time.
    4. Helps in eliminating the hindrances of finance.
    5. Helps in eliminating the hindrances of risk.
    6. Helps in eliminating the hindrances of information.

    2Thank You

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