Commercials Division Commerce Department What is COMMERCE ? Commerce the activity which involves distribution and exchange of goods and services, from producers to consumers. The buying, selling and distribution of goods and services. BRANCHES OF THIS SUBJECT: Trade Aids to Trade Before we go any further we need to know where commerce is coming from. The whole process starts with PRODUCTION. So What is Production ? it is the provision of goods and services to satisfy human needs and wants. Glossary and Further Explanations Consume - to use, to take in or eating. Production - it is the provision of goods and services to satisfy human needs and wants. Human needs - these are things we cannot live without e.g. food (basic commodities like rice, potatoes, vegetables and meat), water, shelter, air to breath, clothing and healthcare. Human wants - these are things that we can do without (referred to a luxury) e.g. jewellery, television, phones, cars Retailers - people w...
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