Commerce is a term which comprises the trading of something of economic value such as goods, services, information or money between two or more entities. Simply put it is a division of trade or production which deals with the exchange of goods and services from producer to final consumer. Commerce acts as the central mechanism which drives capitalism and certain other economic systems.
But before any material is to become saleable it needs Commercialization or commercialisation. Thus Commercialization consists of the process of transforming something into a product, service or activity which one may then use in commerce.
E-Commerce - A commerce that is transacted electronically over Internet is simply known as Electronic Commerce. EC functions through paperless exchange of business information using Electronic Data Interchange (EDI) and related technologies. The amount of trade conducted electronically has grown extraordinarily with wide-spread Internet usage. A wide variety of commerce is conducted in this way including electronic funds transfer, supply chain management, Internet marketing, online transaction processing, electronic data interchange etc.
Commerce generally includes these components -
1. Banking 2. Mutual Fund 3. Insurance 4. Finance 5. Chartered Accountancy 6. Cost and Work Accountancy 7. Corporate Administration 8. Capital Market
The commerce study generally includes elementary banking and accountancy, general commercial knowledge, shorthand and typewriting. Some other study also includes theoretical economics including money and exchange. But the main part of the course is devoted to subjects like Business Organisation, Secretarial Practice, Commercial Geography, Commercial Statistics and Mercantile Law, Accountancy /Banking /Transport.
In the matter of employment a good number of candidates are offered positions, through campus recruitment, even before their results are declared.Career opportunities are ample in the fields of banking and finance, general management, civil services and academics.