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Commerce

What is commerce?

Commerce is study related to distribution of products from the producer (point of production) to the consumer (point of consumption).

Products, Production, Producer and Consumers

Products are the goods and services produced by a company, to satisfy needs and wants of customers.

Production is any activity which serves to satisfy human needs and wants.

Producer is a person or company who produces products to satisfy need and wants.

Consumers are the ultimate users of goods and services produced.


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