Question

What is commerce? Explain different components of commerce.

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answer ASAP!!

Answer 1

Here is your​ Answer -
Commerce refers to all the activities which is necessary to bring goods from the place of their production to the place of their consumption.
Component of commerce are as follows÷
1.)Trade
2.)Aids of trade
Hope it will help you.

Answer 2

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$\mathfrak{\blue{Q.}}$What is commerce?

$\mathfrak{\blue{Ans.}}$ Commerce is concerned with all those activities which facilitates exchange of goods / services or relates to the transfer of goods from the place of production to the ultimate consumer.

$\mathfrak{\blue{Q.}}$Explain different components of commerce.

$\mathfrak{\blue{Ans.}}$ Commerce can be classified into two broad range of activities :

ล.)$\mathbb{Trade}$ :-

¡.) $\bold{Internal\:trade }$

➛ Wholesale
➛ Retail

¡¡.) $\bold{External\:trade }$

➛ Import
➛ Export
➛ Entrepot

Ъ.)$\mathbb{Auxiliaries\:to\:trade}$

➛ Transportation
➛ Banking
➛ Insurance
➛ Warehousing
➛ Advertisement

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