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What is commerce?
What is commerce?
Commerce is the large-scale organized system of activities, functions, procedures and institutions that contribute to the distribution and transfer of goods and services on a substantial scale and at the right time, place, quantity, quality, and price through various channels from producers to consumers within economies.
What are the principal factors that give rise to commercial exchanges?
What are the principal factors that give rise to commercial exchanges?
The diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage are the principal factors that give rise to commercial exchanges.
What does commerce consist of?
What does commerce consist of?
Commerce consists of trade and aids to trade along the entire supply chain. Trade is the exchange of goods and services between buyers and sellers in return for a price at traditional (or online) marketplaces.
What are the categories of trade?
What are the categories of trade?
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What is trade?
What is trade?
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Explain what commerce is and its role in the economy.
Explain what commerce is and its role in the economy.
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What are the principal factors that give rise to commercial exchanges?
What are the principal factors that give rise to commercial exchanges?
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What does commerce consist of?
What does commerce consist of?
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Define trade and its categories.
Define trade and its categories.
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What is the role of commerce in the distribution and transfer of goods and services?
What is the role of commerce in the distribution and transfer of goods and services?
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What is the purpose of commerce?
What is the purpose of commerce?
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What are the principal factors that contribute to commercial exchanges?
What are the principal factors that contribute to commercial exchanges?
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What does trade involve?
What does trade involve?
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What are the categories of trade?
What are the categories of trade?
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What is the role of commerce in the supply chain?
What is the role of commerce in the supply chain?
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