Commerce Importance & Scope

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…