Question

Which business activity removes all the hindrances in the process of exchange?

Answer 1

Answer:

Aids to trades which is a part of commerce

Removes all the hindrances

Explanation:

Middlemen removes hindrance of exchange of goods

Answer 2

The ‘business activity of trading’ through commerce removes all the hindrances in the process of exchange.

Explanation:

• The process of trading involves the exchange of goods and services and there are a number of hindrances faced during the ‘distribution of goods’.  

• It could include people, location, time, money, quality of goods and number of factors. There are many ways and methods of taking care of these hindrances.  

• The hindrance of a person is the problem of contact between ‘producers and consumers’. Hindrances of place refer to the problem of the distribution of goods at distant places.  

• The hindrance of time is solved by warehousing and storage. The insurance sector helps in removing the hindrance of risk by providing protection and compensation