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Why is trade considered an essential component of commerce ?
  • a)
    To create hindrances in the exchange process
  • b)
    To hinder the production activities on a large scale
  • c)
    To make goods available to consumers or users
  • d)
    To limit the reach of individual buyers
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Why is trade considered an essential component of commerce ?a)To creat...
Trade is crucial within commerce as it enables goods produced to reach consumers or users effectively. Without trade, it would be challenging for producers to individually reach out to buyers, thus making trade a vital link in the chain of commerce.
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