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Define commerce why is it of great importance in modern life? |
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Answer» Commerce can be defined as the the important part of the business because it help to minimize the hindrance of place ,person , transport, warehouse 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:\tCommerce acts as a catalyst between the manufacturers and customers.\tIt establishes employment opportunities.\tIt encourages trade in the global level.\tAssists in the growth of developing the industries.\tHelps during exigencies like the natural calamities – earthquake, flood, drought etc. |
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