What is Commerce and its significance in modern life?
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Commerce is the control of business among economic agents. Usually, it refers to the exchange of commodities, services or items of value, among companies or entities.
The significance of Commerce are:
Commerce acts as a catalyst between the manufacturers and customers.
It establishes employment opportunities.
It encourages trade in the global level.
Assists in the growth of developing the industries.
Helps during exigencies like the natural calamities – earthquake, flood, drought etc.