Question

Heyaa buddy ☺️☺️
.
.
.
.
50 points
⤵️⤵️⤵️⤵️⤵️

why is commerce considered as backbone of industry and other business related activities?..
.
.
.
.
.
Content quality required

Answer 1

$\huge\bold{Heya\:sir!!!}$

(^•^)"

$\huge\mathfrak\red{Question:}$ Why is commerce considered as the backbone of industry and other business related activities ?

$\huge\mathfrak\blue{Answer:}$ Commerce is considered as the backbone of industry as well as the other business related activities because it helps in eliminating the hindrances of :-

• persons,
• place,
• time,
• finance,
• risk, and (last but not the least)
• information.

______________________________

$<marquee > HOPE IT IS HELPFUL TO YOU !!!$

BE BRAINLY...

❤️❤️

Answer 2

HEY MATE!!

♤ Why is commerce considered as backbone of industry and other buisiness related activities?..

Answer:- Commerce is considered as backbone of industry and other buisiness related activities because of following reason:-

1. It provides facilities like warehousing, advertising, banking etc.

2. Internal & external Trade

internal trade include:- whole sale and retail

external Trade include :- import and export

3. it helps in eliminating hindrance of place, person,information,risk ,finace etc.