Question

discuss tthe importance of commerce​

Answer 1

Answer:

Commerce is a very important part of any business. ... Since commerce requires a lot of processes to be completed, it easily generates various employment opportunities in other areas such as transport and logistics, banking, and retail. Commerce overall is an essential component of national development and wealth creation.

Explanation:

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Answer 2

Answer:

Explanation

Commerce is a branch of business. It concerned with the exchange of goods and services. It includes all those activities, which directly or indirectly facilitate that exchange.

Commerce ensures a free and smooth flow of goods from producers to consumers. Commerce provides the advantages of specialization. It helps to better satisfy human wants by collecting and distributing goods.

Commerce provides the neces­sary link between the producers and consumers of goods. It has brought countries close to one another and the world has become one big market.