What is the meaning of industry in commerce? It is a question often asked, and often not understood. Many people think that it is some abstract or mysterious concept, but I assure you that it is anything but. The meaning of industry in commerce is simply defined as the conduct of business affairs.
What Do You Mean By Commerce?
What do you mean by industry in commerce when you say that it refers to any type of business activity involving production, distribution, and marketing. The definition of what is commerce has been used since the beginning of the nation. For example, it was considered a wonder for England’s merchants to conduct trade with everyone else since they all traveled through England on horseback. Today, we have all of those same functions being performed by trucking companies, computer firms, steel producers, and coal mining companies, just to name a few.
What is the meaning of industry in commerce today?
It is so important in our modern society that we often take it for granted. We rarely take the time to stop and think about what it means, what it does, and why it is so important to all of us. That is unfortunate because it is an essential part of the American economy. Without commerce, there would be no money, and without money, there would be no jobs.
What is the meaning of industry in commerce today? The meaning of industry in commerce is that which facilitates money movement, and the movement of money within a community. For example, the stock market is a means of money circulating throughout the community, creating value for those who hold shares in the stock and creating a loss for those who do not. Money is also used as a form of payment, a way …Understanding the Meaning of Industry in Commerce Read More