Commerce includes all those activities which play a key role in the transfer of goods from their place of production (producers) to their place of final consumption (consumers). In simpler terms, commerce can be defined as all functions connected with the buying and selling of goods and services. In other words, commerce deals with the movement of goods from the [...]
Everything you need to know about the classification of business activities. Business activities in an economy have a wide scope. It includes a host of activities and these large number of activities may be categorized under two broad sectors, i.e., industry and commerce. While production of goods falls in purview of 'industry', its distribution is a subject matter of 'commerce'. [...]
After reading this article you will learn about the various stages in the evolution of industry. Since the early middle ages there were not many kinds of industries, because the needs of the people were limited. They were only interested in meeting the basic necessities of life such as food, clothing and housing. The people were not much literate and [...]