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Question
Justify the following statement.
Industrial activities take place before commerce starts its role.
Solution
- Industry and commerce are the two parts of the business.
- Both the parts are complementary to each Other.
- One cannot function without others.
- Industries look after the production of goods and services and commerce takes care of the distribution of the goods produced.
- Obviously the production of goods comes first and it is followed by the distribution or selling of goods.
- Thus, industrial activities take place before commerce starts its role
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