wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Write short answers of the following

What do you mean by commerce?

Open in App
Solution

Commerce involves trade/exchange of goods and services. Unlike industry, commerce does not involve manufacturing or production. It includes exchange and distribution of goods and services. It primarily aims at the circulation of these goods and services so as to keep them within the reach of the final consumers. The major commercial activities are transport, advertisement, packaging, warehousing, banking, communication, etc. Hence, it can be said that commerce bridges the gap between producers and consumers.

flag
Suggest Corrections
thumbs-up
1
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Trade and Auxiliaries to Trade
BUSINESS STUDIES
Watch in App
Join BYJU'S Learning Program
CrossIcon