Understanding the Market — Entrepreneurship STD 11 Commerce — Question

An exhaustive, definition of commerce has been given by James Stephenson, “commerce embraces all those processes which help to break the barriers between producers and consumers. It is the sum total of all those activities, which are engaged in the removal of hindrance of persons (trade) place (transport and insurance) and time (ware housing) in the exchange (Banking) of commodities,”.
function

1. Commerce deals with activities which facilitate exchange of goods/ services.
2. It deals with transfer of goods from one place of production to ultimate consumers.
3. It helps to break the barriers between producers and consumers.
4. Time, place and possession utilities are created.