What Is The Meaning And Functions Of Commerce?

The word commerce means that the purchase and sale of product for the sake of earning profits. So there are many people who are engaged in the commerce and business. The functions of the commerce are coordinating various activities, generate capital, package the products and sell the products on the internet. So this is the reason you can engaged in the commerce as well.

There are many businesses which are engaged in the commerce and trade. When a person engages in the commerce then they deal with the different activities like accounting, financing, management, human resource management and marketing. So this is the reason the commerce is in great use in the today world. The purpose of the commerce is to generate business and earn profit for the people so there are different people who are directly engaged in the business and earning their livelihood.

So there is a great importance of the trade and commerce for any country. The generation of the commerce and trade activities in a country boosts the economy of the country and helps to people to earn money out of it.

Commerce refers to that commercial activities which help to increases economic development of the country such as commercial bank,industry ,export import etc.

Commerce means trade,business, import,export