INTRODUCTION TO COMMERCE
Commerce can be define as the activity of buying and selling goods and services, especially
on a large scale. It involves various processes and entities including producers,
distributors, and consumers.
Commerce encompasses all activities that facilitate the
exchange of products and services,
such as trade, transport, warehousing, insurance, banking, advertising, and marketing.
IMPORTANCE COMMERCE
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Commerce helps the economy grow by creating jobs and generating money.
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It makes sure goods and services are available everywhere, so people can get what they need.
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Commerce improves our lives by providing a wide variety of products and services.
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It encourages businesses to come up with new and better products and services.
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Commerce connects countries, promoting trade and understanding between them.
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It creates many jobs in different fields like retail, transport, and marketing.
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Governments earn money from taxes on business activities, which they use to improve public services.
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Commerce offers financial services like insurance that help businesses manage risks.