Commerce involves all activities related to the transfer of goods from production to consumption with the goal of earning profits. It is defined as the sum of trade and aids to trade by connecting producers with customers. Commerce is important as it satisfies human needs, generates jobs, expands trade, and increases living standards. Its scope covers all aspects of planning production, transporting and storing goods, as well as related sectors like banking, insurance, accounting and information transmission.

1. Commerce- Meaning,
Definition, Importance
& Scope
Presented by: Surekha V S
Assistant Professor in Commerce Education
Sree Vivekananda Teacher Education Centre Akkikkavu

2. Commerce- Meaning
● Commerce = Trade + Aids to trade
● It is the sum total of all the activities connected
with the transfer of goods with the object of
earning profits.

3. Definition
“Commerce is the term that embraces all those
functions involved in the making, buying, selling
and transport of goods”
Dr Evelyn Thomas

4. Nature of Commerce
❏ Adopts scientific method of study
❏ Correlation with a variety of subjects
❏ Helps to make prediction
❏ Emphasis on social relevance
❏ Applied Science

5. Importance
❖ Satisfy human needs &
wants
❖ Generates employment
opportunities
❖ Connecting the producers
with customers
❖ Expands to aids to trade
❖ Encourages international
trade
❖ Increase standard of living

6. Scope of Commerce
❖ Planning for production of goods
❖ Covers all aspects of trade
❖ Warehousing
❖ Transport
❖ Banking
❖ Insurance
❖ Information transmission
❖ Accounting

7. Thank you…