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Q: What were the commercial or trade benefits that europens gained from Islamic commerce and industry?
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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 did the commercial bakery industry ship in 2001?

The value of goods shipped by the commercial bakery industry in 2001 totaled $25.7 billion


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.

Related questions

What were the commercial and trade benefits that Europeans gained from Islamic commerce and industry?

Europeans gained the ability to preserve commersial vocabulary, from the Islamic commerce.


What is a commercial industry in a general definition?

Commercial Industry are those that makes the finished goods, supplied by the manufacturing industries, available to the consumers. Transport, trade, commerce etc are the examples of commercial industries.


What does the word industry mean?

business, commerce, commercial enterprise, manufacturing, production, trade,


What is the function of the Caribbean association of industry and commerce?

functions of caribbean association of industry commerce


Which Indian state leads in commerce and industry?

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What has the author Charles J Dean written?

Charles J. Dean has written: 'Commercial and industrial development of Venezuela ..' -- subject(s): Commerce, Industry


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


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Alan Faulkner Taylor has written: 'Photography in commerce and industry' -- subject- s -: Commercial photography, Photography, Industrial


What has the author Barry Emanuel Supple written?

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Top ten commercial banks?

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What are the economic and social benefits of petrochemical industry?

What are the benefits and harms petrochemical industry?


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