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__________ are activities which are part of commerce and are meant for assisting trade.
Auxiliaries to trade
Trade
Commerce
Industry
Commerce includes two types of activities:
Buying and selling of goods is termed as trade. But there are a lot of activities that are required to facilitate the purchase and sale of goods. These are called services or auxiliaries to trade and include transport, banking, insurance, communication, advertisement, packaging and warehousing. Commerce, therefore, includes both, buying and selling of goods i.e., trade, as well as, auxiliaries, such as transport, banking, etc.
By: Vikas Goyal ProfileResourcesReport error
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