Question

What is Commerce ?? and what is it's significance in modern Life ??


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Answer 1

Explanation:

Commerce is the control of business among economic agents. Usually, it refers to the exchange of commodities, services or items of value, among companies or entities.

Commerce is the control of business among economic agents. Usually, it refers to the exchange of commodities, services or items of value, among companies or entities.The significance of Commerce are:

• Commerce is the control of business among economic agents. Usually, it refers to the exchange of commodities, services or items of value, among companies or entities.The significance of Commerce are:Commerce acts as a catalyst between the manufacturers and customers.

• Commerce is the control of business among economic agents. Usually, it refers to the exchange of commodities, services or items of value, among companies or entities.The significance of Commerce are:Commerce acts as a catalyst between the manufacturers and customers.It establishes employment opportunities.

• It encourages trade in the global level.

• It encourages trade in the global level.Assists in the growth of developing the industries.

• It encourages trade in the global level.Assists in the growth of developing the industries.Helps during exigencies like the natural calamities – earthquake, flood, drought etc

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Answer 2

Answer:

• There are various types of economic activities. Namely,
• Profession
• Business
• Employment