Question

Define commerce,why is it great importance in modern life?

Answer 1

Commerce is an organized system for the exchange of goods between the members of the industrial world." ... "Commerce is that part of business which is concerned with the exchange of goods and services and includes all those activities which directly or indirectly facilitate that exchange."

Answer 2

heyaa,,,
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Define commerce,why is it great importance in modern life?
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¤ Commerce is a branch of business that deals with the distribution of goods and services.
¤ commerce is further clasified into two heads;
1). Trade.(import , export ,& intreport)
2). auxalaries to trade.
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¤ import; it means goods purchased from outside the country.
¤ export ; it means goods sold outside the country.
¤ interport; in interport goods purchased outside the country and it also sold it oustide the country.
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¤ auxalaries to trade; it means helping in trade.those trade which helps in trading is known as auxalaries to trade.
ex; transport, banking, communication,etc.
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hope it helps.