Write any three characteristics of commerce.

1.	Write any three characteristics of commerce.
Answer» 1. Economic Activity : Commerce is an economic activity because it consists of activities which are undertaken for earning profits. A trader buys goods with the aim of selling them at a profit. 2. Exchange of Goods and Services : Commerce involves exchange and distribution of goods and services. Goods may be purchased or produced for sale. Commerce comprises both trade and aids to trade. 3. Profit Motive : The motive of commercial activities is to earn profits. Any activity which does not have the aim of profit will not be a part of commerce.

Answer»

1. Economic Activity : Commerce is an economic activity because it consists of activities which are undertaken for earning profits. A trader buys goods with the aim of selling them at a profit.

2. Exchange of Goods and Services : Commerce involves exchange and distribution of goods and services. Goods may be purchased or produced for sale. Commerce comprises both trade and aids to trade.

3. Profit Motive : The motive of commercial activities is to earn profits. Any activity which does not have the aim of profit will not be a part of commerce.

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