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What is Commerce ? Meaning and Importance of Commerce

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Meaning of Commerce: Commerce is a part of business. It is worried about the trading of products and ventures. It incorporates each one of those exercises, which specifically or by implication encourage that trade. Commerce cares for the dissemination part of the business. Whatever is delivered it must be devoured, to encourage this utilization there must be a legitimate circulation channel. Here comes the requirement for commerce which is worried about the smooth purchasing and moving of merchandise and ventures. Meaning and Importance of Commerce Definition of Commerce:     According to James Stephenson, " Commerce is an organized system for the exchange of goods between the members of the industrial world. "     In a broader sense,  " Commerce is that part of business which is concerned with the exchange of goods and services and includes all those activities which directly or indirectly facilitate that exchange." Importance of Comme