THE MEANING OF COMMERCE
The scope of commerce means areas of study covered in commerce. It comprises the study of all activities in the transfer (distribution) of goods and services from the producers to consumers. Example of those activities include trade, transportation, banking, insurance etc
The scope of commerce covers the following:
- The study of trade, which is the main activities in the distribution of goods and services
- The study of auxiliary services(aids to trade) that make trade possible
- The study of how trade and aids to trade could be organized so as to satisfy the needs of a consumer in the most efficient way.
COMMERCE is a branch of production which deals with the exchange of goods and services and all activities that facilitate the transfer of such goods and services from producer to final consumers.
DIVISION OF COMMERCE
Commerce is divided into two branches, which are:
2. Aids to trade
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