IMPORTANCE/FUNCTIONS OF COMMERCE

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Below are the importance/functions of commerce:

    1. Commerce provides employment opportunities to the people of a country, especially in the area of advertising, insurance, transport, banking and finance.
    2. It facilitates easy exchange of goods and services.
    3. It provides money for the development of business and industries.
    4. It also provides storage facilities where goods can be stored until they reach to the final consumers.
    5. It also enhances specialization of jobs, i.e. division of labour.
    6. It provides for inter-dependence among nations because no nation can absolutely be self-sufficient.
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  1. SCOPE OF COMMERCE
  2. FACTORS THAT MILITATED AGAINST THE DEVELOPMENT OF COMMERCE IN WEST AFRICA
  3. FACTORS THAT LED TO THE GROWTH OF COMMERCE

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