what is commerce and what are its functions???? explain its importance??
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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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In simpler terms, commerce can be defined as all functions connected with the buying and selling of goods and services. ... It is the function of commerce to provide the connecting link between producers and consumers.
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