Question

what are the functions of commerce?
explain deeply ​

Answer 1

Answer:

It consists of trade, and the activities which facilitate trade. The process of exchange is full of hindrances. The principal function of commerce is to remove these hindrances so as to ensure a free and uninterrupted flow of goods and services from producers to consumers.

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Answer 2

It is the sum total of those processes which are engaged in the removal of hindrances of persons (trade), place (transport, packing and insurance), and time (warehousing) in the exchange (banking and finance) of commodities.” Thus the main function of commerce is to remove the following hindrances:

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