0
Want this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
Which Indian state leads in commerce and industry?
which of the following states leads in commerce and industry
What is difference between industry trade and commerce?
industry is the place where goods are manufactured trade is the related to exchange of goods commerce is related to distribution of goods
What is difference between commerce and industry?
Industry is a component of business. The term Industry refers to that part of business activity which is concerned with the extraction, production or fabrication of products. Commerce is also a component of Business. It's the study of buying and selling of goods.
What is relationship between industry and commerce?
Business is divided into two categories: industry andcommerce. Commerce is again sub-divided into trade and aids to trade. Practically all of them are closely related to each other. They are inseparable. All of them are parts of the wholebusiness system.Industry and commerce are closely related to each other. Industry cannot exist withoutcommerce and commerce cannot exist without industry. Because every producer has to find his market for his products to sell. But the producer has no direct connection with the buyers or consumers. Hence, industry needs commerce. Commerce is concerned with the sale, transfer or exchange of goods and services. Hencecommerce needs industry for the production of goods and services. Commerce makes the necessary arrangement for linking between producers and ultimate consumers. It includes all those activities that are involved in buying, selling, transporting, banking, warehousing of goods, and insurance for safeguarding the goods.Trade includes sale, transfer or exchange of goods. It does not include other functions ofcommerce like transportation, insurance, banking, warehousing, etc. If there were notrade, the producers would have to find customers for their products. Therefore withouttrade there would be little need for commerce. Similarly trade without aids to trade is meaningless and they exist for trade.In conclusion, we can say that industry, trade and commerce are inter-related with each other. Industry is concerned with production of goods and services and commercearranges its sales; but the actual operation of sales is in the hands of trade. So they cannot work independently.
What Act was an attempt to restrict a monopoly of the US oil industry?
Interstate commerce act
What is the function of the Caribbean association of industry and commerce?
functions of caribbean association of industry commerce
What does the acronym ASSEDIC stand for?
ASSEDIC stands for Association pour l'emploi dans l'industrie et le commerce, which translates to Association for Employment in Industry and Commerce. It was a French organization responsible for managing unemployment insurance. However, it was renamed Pôle emploi in 2008.
What function may be performed by an accuntant in industry and commerce?
Accountancy is an ART of Recording Classifying
Which Indian state leads in commerce and industry?
which of the following states leads in commerce and industry
When was Electronic Commerce Code Management Association created?
Electronic Commerce Code Management Association was created in 1999.
What is the broadest business trade association in the US?
Chamber of Commerce. Chamber of Commerce.
When was Motorsport Industry Association created?
Motorsport Industry Association was created in 1994.
Who is the Minister of trade and commerce in India?
Anand Sharma is Minister of Commerce & Industry, Government of India and JYOTIRADITYA M. SCINDIA - Minister of State for Commerce & Industry
What is the industry association for the lawn and garden services industry?
The Professional Lawn Care Association of America
When was National Cannabis Industry Association created?
National Cannabis Industry Association was created in 2010.
When was Motor Industry Research Association created?
Motor Industry Research Association was created in 1946.
When was Recording Industry Association of America created?
Recording Industry Association of America was created in 1952.
