Commerce
Commerce is the activity of buying and selling goods and services. It plays a very important role in the development of every country because it connects producers with consumers. Without commerce, people would find it difficult to get the goods they need from different parts of the world.
There are two main branches of commerce:
- Trade – the exchange of goods and services within a country (domestic trade) or between countries (international trade).
- Aids to Trade – services that support trade, such as banking, insurance, transportation, warehousing, and advertising.
Commerce makes life easier because it ensures that products are available at the right place, at the right time, and at the right price. For example, farmers may produce crops in villages, but through commerce, these products reach city markets and even foreign countries.
In short, commerce is the backbone of modern economies. It promotes industry, creates jobs, increases wealth, and builds connections between nations.
