Question

why is commerce considered as backbone of industry and other business related activities?

Answer 1

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. thus it removes the hindrance of persons hindrance of information and so on.

Answer 2

Answer:

Because it has a melleability which can change the shape of material So, it is called considered as the backbone of industry