DEPARTMENT OF TECHNICAL EDUCATION

ANDHRA PRADESH

Name of the participant : Md. Qdeer Rehman

Desgination : Head, DCCP
Institute : KDR, Govt, Polytechnic
Wanaparthy
Year/semester : Ist year
Branch : DCCP
Major Topic : Scope of Business
Sub Topic : Meaning of Commerce
and differences between
Commerce & Industry
Sub code &Title : CCP 104
Duration : 50 minutes each
Teaching AIDS : PPT

CCP104.5 to 6 1
Objectives

On completion of the topic you would be able to know

 Meaning of Commerce
 The relationship between commerce and industry.

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Recap

In our previous lesson ,we learnt:

 Industry and its types
 Classification of industries
 Criteria for knowing the various type of industries

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Commerce:

“Commerce is an organised system for exchange of goods between the

members of the Industrial world”

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Commerce

● Production of goods/Services to satisfy human wants

● Transfer of goods/ Services from producer to consumers.

● The activities include trade and Aids to trade

● Purchase of raw-materials, production of

goods/ services and to deliver them to the place of
consumer

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 Commerce Includes
1. Trade
2. Aids to Trade

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 Commerce

Trade
Aids to trade

Foreign trade
Domestic trade

Export Import trade Wholesale

Retail trade
Trade

Entrepot
trade

Banking Insurance Transportation Advertisement Salesmanship

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Relationship between industry and
Commerce

 Business means and includes industry and commerce

The above activities are inter-related and cannot be

separated

 All are economic activities to earn profit.

 The prime aim is to satisfy human-wants

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Importance
 Business means production of goods/services to earn wealth

 It is profit /remuneration oriented activities.

 The persons doing above activities earn

profit/remuneration/money.

 The money helps to fulfill human wants and daily necessities

for human existence.

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summary

We have discussed about

 Meaning of Commerce

 Different fields related to commerce

 Differences between industry and commerce

 The importance of industry and commerce and their relationship

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Quiz

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1. Commerce is concerned with the
a. The sale of commodities
b. The purchase of commodities
c. Distribution of Commodities
d. All the above

Ans: d

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2.Activities of commerce includes:

• Purchase of raw-materials

• Purchase of raw-materials and processing

• Purchase of raw materials and Processing and production

• Purchase of Raw materials, processing, Producing finished

Products/Services and Transfer to Consumers

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3.The activities of industry and commerce are:
• inter-related

• Separate not inter related

• Inter-related and not to be separated

• Separate and not related

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Frequently asked questions

• Define commerce
• Explain in six sentences the relationship
of industry and commerce
• Explain the differences between
commerce and industry.

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Thank you

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