Akshara Reji

  What is commerce? Commerce refers to all the activities involved in the exchange of goods and services from producers to consumers, along with the supporting services that make this exchange possible.Commerce is mainly divided into two types of activities: 1.Trade             2.Aids to Trade  1.Trade It Refers to buying and selling of goods and services.It creates a link between producers and consumers.Trade is classified into two:     Internal Trade (Home Trade) : Trade that takes  place within the boundaries of a country.Goods are bought and sold in the same country. Types of Internal Trade: Wholesale Trade – Buying in bulk from producers and selling to retailers Wholesale shop Retail Trade – Selling goods directly to consumers in small quantities . Retail shop External Trade (Foreign Trade / International Trade): Trade that takes place between two or more countries.Goods are imported or exported across national bounda...