Economy, asked by rk8407468, 5 months ago

Why is commence considered as a
backbone of industry and other busines activity explain in brief?​

Answers

Answered by MonicaDivya
1

Answer:

commerce is concerned as backbone of industry because of its two main features Trade and aids to trade. Trade is of three types internal,external and entreport. commerce is cosidered as a backbone to industry as it provides several facilities to industry like warehousing, insurance,banking,advertising etc.

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