what do you understand by commerce? explain it's components
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Commerce refers to all the activity which is necessary to bring goods from the place of their production to the place of their consumption.
Components of commerce:
It includes:
1. Trade
2. Aids to trade
Trade: Trade means sale and purchased of goods. It can be further classified into two categories like home trade and foreign trade.
Home trade means when sale and purchased of goods within boundaries of country.
Foreign trade is a trade between two or more than two countries. Home trade can also further classified into two categories like
wholesaler and retailer. Wholesaler means when goods are purchased from producer in large quantity and are sold in small quantity. Retailer means goods are purchased from wholesaler and are sold to consumer in a very small quantity. Foreign trade is classified into three categories like import, export, and interport. Import means when goods are sold to foreign countries.
Export means when goods are purchased from foreign countries. Interpot means import of raw material for the purpose of re-exporting after convert into finished products.
Aids to trade: there are certain agency which facilitates trade is called aids to trade.
Hope it will help you.^_^
Happieee Rakhi Day
....
Components of commerce:
It includes:
1. Trade
2. Aids to trade
Trade: Trade means sale and purchased of goods. It can be further classified into two categories like home trade and foreign trade.
Home trade means when sale and purchased of goods within boundaries of country.
Foreign trade is a trade between two or more than two countries. Home trade can also further classified into two categories like
wholesaler and retailer. Wholesaler means when goods are purchased from producer in large quantity and are sold in small quantity. Retailer means goods are purchased from wholesaler and are sold to consumer in a very small quantity. Foreign trade is classified into three categories like import, export, and interport. Import means when goods are sold to foreign countries.
Export means when goods are purchased from foreign countries. Interpot means import of raw material for the purpose of re-exporting after convert into finished products.
Aids to trade: there are certain agency which facilitates trade is called aids to trade.
Hope it will help you.^_^
Happieee Rakhi Day
....
Answered by
2
Answer:
nothing is commerce and something is commerce
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