THE NATURE OF COMMERCE

When we speak of production we mean any hum an activity which results in the creation of utilities, i e goods or services which satisfy peoples wants. But the satisfaction of even the most elementary want involves a complex organization in which many persons are concerned. Farmers and miners provide raw materials manufacturers turn the raw materials into finished goods. Both however are dependent on commercial workers. Commerce means the distribution of the world’s goods so as to satisfy the needs of the people. Commercial occupations include, trade, transport, warehousing, insurance, banking, and advertising.

Of all commercial occupations the most important is trade, the buying and selling of goods. “Traders are the prime movers” of production, giving orders for goods which set manufacturers to work. Wholesale traders buy raw materials or manufactured goods in large quantities retails traders buy smaller quantities from wholesalers, and sell direct to the public. Both wholesale and retail traders are engaged in home trade i.e trade within the confines of a political boundary.

Much trader, however, is undertaken with other countries; we call this foreign trade. This may be import trade, the bringing in of goods from aboard-mostly goods and raw materials in the case of Britain-or export trade, the dispatch abroad of home-produced goods-mostly manufactured wares from Britain .

LA NATURE DE COMMERCE

Quand nous parlons de la production, nous entendons tout hum une activité qui se traduit par la création de services, de biens ou de services à savoir qui satisfont les peuples veulent. Mais la satisfaction de même le besoin le plus élémentaire implique une organisation complexe dans lequel de nombreuses personnes sont concernées. Les agriculteurs et les mineurs fournissent aux fabricants de matières premières deviennent les matières premières en produits finis. Les deux ne sont cependant dépendants de travailleurs du