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Commerce Intro Notes

Commerce involves the distribution and exchange of goods and services to satisfy human needs and wants. It aims to increase standards of living by linking producers and consumers and creating employment opportunities that help grow national income. Commerce includes domestic and international trade, as well as aids to trade like banking, communications, advertising, transport, warehousing, and insurance that facilitate the commercial exchange of goods and services for profit.

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mohamed ifham
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30 views2 pages

Commerce Intro Notes

Commerce involves the distribution and exchange of goods and services to satisfy human needs and wants. It aims to increase standards of living by linking producers and consumers and creating employment opportunities that help grow national income. Commerce includes domestic and international trade, as well as aids to trade like banking, communications, advertising, transport, warehousing, and insurance that facilitate the commercial exchange of goods and services for profit.

Uploaded by

mohamed ifham
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Download as PDF, TXT or read online on Scribd
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COMMERCE

DEFINITION:
Commerce is a branch of business. It is concerned with the distribution
(does not deal with making/production but providing services) It
includes all activities, which directly or indirectly facilitate the exchange
of goods and services.
o Commerce is trade and aids to trade
o It aims at the distribution of goods and service in order to satisfy
Human needs and wants

Importance of Commerce
Commerce tries to satisfy increasing human needs
Helps to increase the standard of living
Makes possible link between Producers and Consumers
Creates employment opportunities
Helps in Increasing national income and wealth
Helps in expansion of aids of trade
Helps in growth of Industrial development
Encourages International trade
Benefits underdeveloped countries
Helps during emergencies
TRADE:
The Commercial Exchange (buying and selling on domestic or international
markets) of goods and services with the view of profit

Types of Trade
Home/Local Trade
International/Foreign Trade

Aids to Trade
Commercial activities or services that assist trade to take place

Banking/Finance
Communications
Advertising
Transport
Warehousing
Insurance

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