NANDA@COMMERCE

 Define commerce? Explain importance of commerce?  Definitions: "Commerce is an organised system for the exchange of goods between the members of the industrial world". - James Stephenson "Commercial occupations deal with the buying and selling of goods, the exchange of commodities and the distribution of the finished products". - Erelyn Thomas. 1. Facilitating Exchange:  Commerce aims to facilitate the exchange of goods and services between buyers and sellers, ensuring that products reach consumers efficiently and in a timely manner. 2. Meeting Consumer Needs:  One of the key objectives is to meet the needs and desires of consumers by providing a wide range of goods and services, allowing people to access what they require for their daily lives. 3. Promoting Specialization:  Commerce encourages businesses to specialize in the production of specific goods or the provision of distinct services. Specialization increases efficiency and productivity, leading to bett...