Question

Define commerce. Why is it of great importance in modern life ?​

Answer 1

Answer:

Explanation:

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.