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What is commerce?
Caring goods from one place to another by investing capital in motive to earn profit. This is called commerce
What are relationship between trade and aids to trade?
Trade refers to the exchange of goods and services between parties, while aids to trade are the various tools and services that facilitate this exchange. Aids to trade, such as transportation, communication, banking, and insurance, enhance the efficiency and effectiveness of trade by reducing barriers and risks. Together, they create a more conducive environment for trade by ensuring that products reach markets efficiently and securely. Thus, aids to trade are essential for promoting and sustaining trade activities.
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.
Which department for business and trade?
Department of Commerce
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 are the importance of AIDS to trade in commerce?
To help the producers
Importance of AIDS to trade in commerce?
Basically aids to trade facilitate trade. These are means to make trade run smooth. Everything such as banking, warehousing, transportation, communication, advertising etc. are just means to facilitate trade to go smooth.
What are the effects of commerce in trade?
the impact of trade and commerce
What are the different types of AIDS to trade?
role of aids trade
An advanced society was marked by?
Commerce and taxes Commerce and trade or Trade and money
Which compromise guaranteed that the slave trade could exist for 20 years?
Commerce and slave trade compromise
What is difference between among business trad commerce and industy?
Business ---- 1. Industry 2. Commerce 3.Profession/Service 2a) Trade 2a) Aids to Trade Home Foreign 1. Transportation Buying and Selling 2. Banking/Finance. 3.Insurance 4. Warehousing.5. Advertisement.
What states were benefited them commerce and slave trade compromise?
who did the commerce and slave trade compromise benefit
What the aids to commerce?
Aids to commerce refer to various services and facilities that support and enhance commercial activities. These include transportation systems (like roads, railways, and ports), banking and finance services, insurance, warehousing, and communication systems. They facilitate the smooth flow of goods and services, reduce transaction costs, and enhance market efficiency. Overall, these aids play a crucial role in promoting trade and economic development.
What steps did sher shah take to promote trade and commerce in medieval India?
To promote trade and commerce,Sher Shah standardised coins and weights and measures.
Definitions for Greek commerce and trade?
The definitions for commerce and trade are the same, no matter what culture they are referring to. Trade is an exchange of goods, either for money or for other goods. Commerce is the entire economy of a nation.
What is commerce?
Caring goods from one place to another by investing capital in motive to earn profit. This is called commerce
