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Define commerce why is it of …

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Define commerce why is it of great importance in modern life?

Posted by Shifa Qureshi 5 years, 1 month ago

CBSE > Class 11 > Business Studies

2 answers

Deepanshu Jha 5 years ago

Commerce can be defined as the the important part of the business because it help to minimize the hindrance of place ,person , transport, warehouse

Yogita Ingle 5 years, 1 month ago

Commerce is the control of business among economic agents. Usually, it refers to the exchange of commodities, services or items of value, among companies or entities.

The significance of Commerce are:

Commerce acts as a catalyst between the manufacturers and customers.
It establishes employment opportunities.
It encourages trade in the global level.
Assists in the growth of developing the industries.
Helps during exigencies like the natural calamities – earthquake, flood, drought etc.

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