1.

What are the hindrances in the commerce? Which agencies are used to remove these hindrances?

Answer»

Following are the hindrances in commerce: 

  • Lack of Personal Contact: This hindrance is removed by traders and middlemen. 
  • Distance or Place: This hindrance is removed by transportation. 
  • Finance: This hindrance is removed by banking. Time or Storage: This hindrance is removed by warehousing. 
  • Risk: This hindrance is removed by insurance companies. 
  • Information: This hindrance is removed by advertisement or communication.


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