COMMERCE

These commerce notes aim to provide a solid foundation for individuals interested in business, economics, and related fields.

They serve as a valuable resource for students, professionals, and anyone seeking to understand the complex world of commerce and its various components.

The scope of commerce implies the coverage of commerce, modern commerce has become so wide. It comprises of the study of all activities in the transfer (distribution) of goods and services from the producers to consumers. Activities like transportation, communication, insurance, banking and advertisement have played a huge role in development of commerce. Trade within the boundaries and across the nation’s boundaries makes commerce to acquire international status. Example, a farmer as a producer needs to find people to buy his/her produce. Those buyers are called consumers. For those products to reach the final buyer( consumer), means of transport like roads, railways and airways need to be better.