Commerce basically helps to manage the right thing at the right place and thus able to improve the standards of living of the human. Products are produced for means of consumption. Consumption of products is the ultimate goal of companies and manufacturers.
Commerce creates a link between seller and buyer through wholesalers and retailers. So that the product can reach to their consumers on time.
Commerce helps to provide complete product information and specification to consumers through advertisement and salesmen. By conducting marketing research manufacture are well aware of the likes and dislikes of consumers. This help to locate those specifications in a product to meet consumers need. By this commerce create a direct link between the manufacturer of product and consumer. The growth of the commerce industry and trade increases the requirement of employees in their related corporate sectors like banks , transport, warehouse , and marketing.
The increase in their financial, marketing, and production process need more worker to handle it. It boosts the employment rate of the country by providing job opportunities to millions of people in it. GDP of any country is directly related to production.
Production and manufacturing contribute 80 percent in the net income of the country. Commerce helps in the growth of production and consumption of the product. It also helps in export and imports of goods from other countries. Hence, commerce helps in attaining better division of labor and industrial progress. Through commerce, we can secure a fair and equitable distribution of goods throughout the world. With the help of transport and communication development, countries can exchange their surplus commodities and earn foreign exchange, which is very useful for importing machinery and sophisticated technology.
It ensures the faster economic growth of the country. Underdeveloped countries can import skilled labor and technical know-how from developed countries. While advanced countries can import raw materials from underdeveloped countries. This helps in laying down the seeds of industrialization in the underdeveloped countries. During emergencies like floods, earthquakes, and wars, commerce helps in reaching the essential requirements like foodstuff, medicines and relief measures to the affected areas.
Home Disclaimer Privacy Contact. What is Commerce? No Comments. Label: Economics. Social changes in the country are also influenced by the development of commerce. Goods are produced as per the need of the society. People use those goods, which would not have been produced in their own countries. The habits, living styles and behavior patterns of the people under gone changes because of commercial activity at a particular place.
The quality of life has substantially improved in developing countries. The growth of commerce has certainly changed the life of the people. Commerce has transferred world into one market. Commerce brings goods to the hands of ultimate consumer. Related posts: Here is your sample essay on commerce How Industry, Commerce and Trade are interrelated to each other? Short notes on commercial activities for the Branches of Commerce Short essay on the functions and importance of commerce Short essay on the Importance of Commerce.
What are the two categories of Business? Short notes on commercial activities for the Branches of Commerce. We use cookies on our website to give you the most relevant experience by remembering your preferences and repeat visits.
Do not sell my personal information. Cookie Settings Accept. Manage consent. Close Privacy Overview This website uses cookies to improve your experience while you navigate through the website.
Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website.
These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience. Functional Functional. Functional cookies help to perform certain functionalities like sharing the content of the website on social media platforms, collect feedbacks, and other third-party features. Performance Performance.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
0コメント