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Chapter: 11th Commerce : Historical Background of Commerce in the Sub-Continent

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Hindrances of Commerce

Production of goods and services for the satisfaction of human wants is the main objective of an industry.

Hindrances of Commerce

Production of goods and services for the satisfaction of human wants is the main objective of an industry. Reaching those goods and services to the people for where these are produced is the object of commerce. Commerce serves as a valuable link between the producer and the consumer. It renders a variety of services to ensure that the passage of goods and services between the two, is completed without any let or hindrance. Accordingly, commerce may be defined as “the organized system for the exchange of goods and services between members of industrial world.” It comprises  all  forms of trade, wholesale, retail, import, export and entrepreneurial services which aid and assist the trading activities such as banking, transport, warehousing, insurance, and advertising.

 

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