Reasons, why commerce is important in the life of a nation, are:
(i) Commerce facilitates the exchange of goods and service through buying and selling
(ii) Commerce makes storage possible through warehousing
(iii) Commerce provides employment opportunities
(iv) Commerce assist in financing businesses through banks
(v) Commerce increase the standard of living of a people by bringing in a variety of goods from other countries
(vi) Commerce makes for interdependence of nations through international trade
(vii) Commerce facilitates specialization and mass production of goods and services
(viii) Commerce aids the movement of goods and services from areas of abundance to areas where they are scarce
(ix) Commerce promotes rapid transfer of both oral and written messages through communication
(x) Commerce creates awareness for goods and businesses opportunities, through advertising
(xi) Commerce generates revenue for entrepreneur and for the nation
Veterinary medicine is the branch of medicine that deals with the prevention, diagnosis, and treatment…
Anthropology is the scientific study of human beings and their cultures. It encompasses a wide…
Sociology is the scientific study of human society, culture, and behavior. It examines the social…
Social Work is a profession dedicated to helping individuals, families, and communities to cope with…
Religious studies is an academic discipline that explores the beliefs, practices, and history of various…
Public administration is the field of study and practice that focuses on the organization and…