Question

what is commerce and which are the two classification under commerce?


please answer the question​

Answer 1

Answer:

Commerce refers to the well organized set up of large-scale interchange of products, service or something of value, for money or money’s worth, among the economic agents. It covers all the activities which directly or indirectly assist in the process of exchange.

Explanation:

Trade -Internal Trade,Wholesale,Retail,External Trade=Import, Export

: Entrepot trade means re-export, i.e. goods imported from a foreign country, not for domestic consumption but for selling it further to another country.

Auxiliaries to Trade: Auxiliaries to trade covers all those activities which help in the efficient flow of commercial activities. There are various hindrances in undertaking trade. Auxiliaries to trade help in eliminating those hindrances:

Transportation: Transportation activities facilitate in the removal of the hindrance of place, as goods are