scope of commerce

 

 

  NATURE AND SCOPE OF COMMERCE Commerce is the study of how man organizes the exchange and distribution of goods and Commerce is the study of how man organizes the exchange and distribution of goods and Commerce is the study of how man organizes the exchange and distribution of goods and services to satisfy human wants. Commerce can also be defined as the study of Trade and Aids to trade. Commerce is considered to be a part of business. It is that activity of business which is concerned with the exchange of goods and services. Some persons feel that commerce and business are synonymous. TRADE Trade is the exchange of goods or services for money or goods or services for goods or services (barter trade). (i) Economic Activities: Economic activities are taken up with a motive to earn profits. Commerce deals with those activities which are undertaken for profit. So only economic activities are included in commerce. It is the motive which is important and not the activity. Some act...