what is commerce?describe its types
Commerce refers to all those activities which are concerned with the transfer of goods and services from the producers to the consumers. It embraces all those activities which are necessary for maintaining a free flow of goods and services.
Commerce includes two types of activities.
1. Trade : Refers to buying and selling of goods and services with the objective of earning profit.
2. Auxiliaries to Trade : All those activities which help in removing various hindrances which arise in connection with the production and distribution of goods are called auxiliaries to trade.
Commerce includes two types of activities.
1. Trade : Refers to buying and selling of goods and services with the objective of earning profit.
2. Auxiliaries to Trade : All those activities which help in removing various hindrances which arise in connection with the production and distribution of goods are called auxiliaries to trade.