Describe the linkage of economics with commerce
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Economic is concerned with the economic system and its operation in the country; whereas, the transfer of the results of production from producer to the consumer would be the key concern in commerce. Commerce has been part of history. From trading using barter system to selling and buying using currency, the activity of exchange of items of value between persons and companies has been in existence. When a person trades in a country, the trader will be concerned on the changes in the economic system of the country as this determines to a certain extent whether the business achieves success or failure.
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