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24+ pages list and explain five functions of commerce to modern economy 2.8mb solution in Google Sheet format . These banks are profit-making institutions and do business only to make a profit. Hence commerce helps in attaining better division of labor and industrial progress. Commerce ensures a free and smooth flow of goods from producers to consumers. Read also five and list and explain five functions of commerce to modern economy Money serves as a standard for deferred payments.
I Exchange of goods and services. The allocation should be done in such a way that all sections of society get the goods at a reasonable price and if these goods are in short supply during a very short period the rationing system should be introduced.
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The following are the utmost important functions of money.
Commerce facilitates exchange of goods and services through buying and selling. Through commerce we can secure a fair and equitable distribution of goods throughout the world. Money is a matter of functions four - a medium a measure a standard a store. That is why Prof. Trade removes the difficulty of persons by creating a link between the producers and consumers. The two primary characteristics of a commercial bank are lending and borrowing.
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Commerce provides the necessary link. It is an essential function of money. Commerce provides employment opportunities.
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