importance of Economic and Commercial Geography

Qno.3 Explain the importance of Economic and Commercial Geography?

IMPORTANCE OF ECONOMIC AND COMMERCIAL GEOGRAPHY:

Now-a-days Economic and Commercial Geography is an important subject not only for the student’s commerce, but it also helps in different fields of life for example. 
Explain the importance of Economic and Commercial Geography

1. FOR STUDENTS:

The study of Economic and Commercial Geography helps the commerce students in the selection of right path for their future, so, that they can become successful businessmen, industrialist, traders, bankers, etc.

2. FOR TRADERS:

By the study of Economic and Commercial Geography the businessmen can learn more about the production and trade of various crops and minerals found in the world. In this way, they can make their business more progressive.

FOR INDUSTRIALISTS:

The study of Economic and Commercial Geography guides about the resources for the raw material of industries as well as, it also tells about their trade and commerce.

4. FOR AGRICULTURISTS:

By the study of Economic and Commercial Geography, the big farmers can know about the qualities of progressive kinds of seeds, and methods, used in developed countries of the world.

5. FOR ECONOMISTS:

The study of Economic and Commercial Geography can help the economists while making economic planning, because it also tells about the world resources besides its own country.

6. FOR BANKERS:


Leading bankers can know much more about those countries in which they are going to invest their money by the study of Economic and Commercial Geography.

7. FOR RULERS:

By the study of Economic and Commercial Geography, they can know more about the agricultural, minerals, and industrial progress in different parts of the world. It also tells them how the people of those countries have utilized their resources for progress.

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