Farhan a young man wants to provide employment to locAal villageof workers .vHe started businesswith50 workers
Answers
Answer:
(a) Trade , which refers to buying and selling of goods and services with the objective of earning profit.
(b) Auxiliaries to trade - activities which are meant for assisting trade , i.e., services.
(c ) Commerce , which includes all those activities which are necessary for facilitating the change of goods and services . (Commerce = Trade + Auxiliaries to trade)
(d) (i) Transportation removes hindrance of place by moving goods from the places of production to the markets for sale .
(ii) Banking removes hindrance of finance by providing funds to a businessman for acquiring assets , purchasing raw materials and meeting other expenses.
(iii) Advertising removes hindrance of information by informing consumers about the goods and services available in the market.
Explanation: