Question

Write short answers of the following

What do you mean by commerce?

Answer 1

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.