Commerce is the sum total activities that remove hindrance in the free flow goods from producers to consumers explain
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Commerce include
trade and aids to trade....
aids to trade includes
1. Transportation- It clear the difference between place of production and consumption
2. Communication
3. Warehousing It clear the time gap between between
4. Banking it provides funds to producers, consumers etc.
5. Insurance it covers the all risk factors of businesses
trade and aids to trade....
aids to trade includes
1. Transportation- It clear the difference between place of production and consumption
2. Communication
3. Warehousing It clear the time gap between between
4. Banking it provides funds to producers, consumers etc.
5. Insurance it covers the all risk factors of businesses
trinabh74:
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Answer
Commerce removes hindrances of trade.
1. Hindrance of persons.
2. Hindrance of place.
3. Hindrance of risk.
4. Hindrance of time.
5. Hindrance of information.
6. Hindrance of finance
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