M.Phil Commerce- Commerce is the whole system of an economy that constitutes an environment for business. This is in contrast with business, the value-creating activities of an organization for profit. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any country. Thus, commerce is a system or an environment that affects the business prospects of an economy or a nation-state. We can also define it as a second component of business which includes all activities, functions and institutions involved in transferring goods from producers to consumer.
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Today: Jan 18, 2025