Question

Why the need of Commerce arises

Answer 1

Answer:

Commerce is a very important part of any business. Why, you say? Well, because it attempts to satisfy human needs and wants. It also contributes to linking producers of certain products and services with the customers who require them...

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Answer 2

The need of commerce arises as it is the linkage between the consumer and a seller and helps to build an economy.

• Commerce is a crucial part of a business, since it tries and wants to fulfill human needs.
• Countries can trade their surplus goods with the assistance of transportation and communication growth and receive a foreign exchange, which is very useful for importing machinery and sophisticated technology.
• Commerce guarantees the country's faster economic growth by leveraging the best trade practices.
• There is a need for commerce as it increases the standard of living, the national income and also gives rise to employment opportunities.