TUF Blog

Posted by Alizfoods on February 20th, 2021

Source: https://blog.tuf.edu.pk/

Role of Commerce in the economy development

Role of Commerce in the economy development is very important and our goal is to define career opportunity in commerce. If we define  Commerce is the organization that deals with exchanging goods between industries and the industrial world. But in a broader sense, Commerce is the subject related to the exchange of goods and services and activities directly and indirectly associated with the exchange.

 Benefits of Commerce in economic development:

 There are countless benefits of Commerce in economic development:

1.Commerce tries to satisfy human requirements: 

As the world is changing, human needs and wants are also increasing. They are some needs which are called essential, and some called secondary wants. Commerce is one of the fields that brings the enhancement to exchange one product into another. But now, because of the advancement, we can get the opportunity to grab anything from anywhere in the world. Thus, the increase in people’s desires increases this field’s scope, and people study human wants and desires and therefore promote social welfare.