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Basic Concepts of Commerce

Commerce is the study of the distribution and exchange of goods and services, encompassing home and international trade. It relies on various aids such as banking, insurance, transport, communication, advertising, and warehousing, and plays a crucial role in economic growth and employment generation. E-commerce has revolutionized traditional commerce by enabling online transactions and global access.

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162 views2 pages

Basic Concepts of Commerce

Commerce is the study of the distribution and exchange of goods and services, encompassing home and international trade. It relies on various aids such as banking, insurance, transport, communication, advertising, and warehousing, and plays a crucial role in economic growth and employment generation. E-commerce has revolutionized traditional commerce by enabling online transactions and global access.

Uploaded by

ranithukannangara2010
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Basic Concepts of Commerce

Definition of Commerce:

Commerce is the study of the distribution and exchange of goods and services from
producers to consumers.

Types of Trade:

1. Home Trade (Internal Trade): Buying and selling within the same country.

2. International Trade (Foreign Trade): Buying and selling between different countries.

Aids to Trade:

- Banking: Provides financial support.

- Insurance: Covers risks.

- Transport: Moves goods from producer to consumer.

- Communication: Transfers information.

- Advertising: Creates demand.

- Warehousing: Stores goods safely.

Importance of Commerce:

Commerce helps bridge the gap between producers and consumers, generates employment,
promotes industrial development, and contributes to economic growth.

Branches of Commerce:

1. Trade

2. Aids to Trade
Role of E-commerce:

With technological advancements, E-commerce has transformed traditional commerce. It


offers online buying and selling, digital payments, and global reach.

Careers in Commerce:

Retail management

Banking

Insurance

Logistics

Advertising

Marketing

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