Question

How does commerce help in maintaining a free and uninterrupted flow of goods and services between producers and consumers?

Answer 1

Commerce refers to all those services which help directly or indirectly in the distribution of goods to the ultimate consumer.

Commerce helps in the following ways :-

1. Removing hindrance of person => By the help of the middleman(wholesaler and retailer) the goods are reached to the consumer very easily.
2. Removing hindrance of place => Transportation helps in the delivery of goods in large distances in a short period of time.
3. Removing hindrance of time => By the help of warehouses the goods are kept safe until they are distributed to the ultimate consumer.
4. Removing hindrance of exchange => Banking helps in the exchange and the payment very easily.
5. Removing hindrance of risk => By insurance, the goods are secured easily without becoming a headache for the producer.
6. Removing hindrance of knowledge => By the help of advertising the goods can be advertised in the most of the places.