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Commerce FROM 4 art

CHAPTER 1 : commerce

Importance of commerce

Commerce play’s a very important role in the economy. Some of these roles include

  • Commerce increase government revenue through taxes
  • Commerce provide employment
  • Commerce raise capital for investment this leading to economic development
  • It alsoraise the standard of living of consumers in the economy
  • Commerce promote friendly relationship amongs nations e.g Cameroon, Nigeria.
  • Commerce produces starvation, lack of shelter and other social miseries.
par Claude Foumtum
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