What is Commerce?

Commerce is often described as the live wire that holds a nation. This is because in the absence of Commerce, the economy of every nation would grind to a halt.

Without Commerce, producers will find it difficult to get materials needed for production. Also, without commerce, it will be impossible to sell goods that are produced.

Commerce therefore is defined as the production, distribution and exchange of goods and services, in addition to other related commercial activities like banking, advertising; warehousing, transport, insurance, communication and. finance, These commercial activities can be termed, “aids to trade”.

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