Education and Career Forum

Characteristic of commerce meaning of capiter and the defination of assurance

Characteristics of Commerce : Commerce is a business component which is related with the marketing and selling of products and services. It has some key features such as;

- Profit motive.
- Economic activity.
- Marketing.
- Creating utility.
Commerce is an economic activity. A trade buys and sells and goods to be earn profit and wealth.

Meaning of Capital in commerce field : Capital in business refers to the sum of financial assets that are required to produce goods or services. These funds can be used to initiate operations, meet daily expenses or grow and expand the business.

Definition of Assurance : Assurance refer to the financial coverage that provides remuneration for an event that is certain to happen. Assurance is similar to the insurance, with the term often used interchangeably.