Commerce Or Principal Of Commerce Or POC

Commerce Or Principal Of Commerce Or POC

In simple words commerce can be defined that it includes all those activities, which are concerned with providing of goods and services. In this way commerce with production of goods and services covers all activities of marketing and distribution including the services of retailer, wholesalers, other middleman, banking, transportation, warehousing, advertising, insurance, etc.

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Some of the authors have defined commerce in these words:

1. “commerce embraces all activities of various agencies which ensure a flow of goods and services between actual producers and the ultimate consumers”.

2. “A comprehensive term for all form of trade wholesale, retail, import, export  etc. All services which assist the carrying of trade, such as banking, insurances and transport etc”.

3. “Trading functions, together with warehousing, transport and insurance functions are collectively, COMMERCE”

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