Commerce Tutorial

Last Updated : 11 Sep, 2025

Commerce is the act of buying and selling goods and services. It helps us to understand how businesses work, how money flows, and how markets operate.

Commerce teaches important skills like making accounts and making smart business decisions.
It is important for running successful businesses and a growing economy.
Commerce is used in everyday life and in many careers like banking, marketing, and finance.

Branches of Commerce

Commerce is made up of different branches that focus on various aspects of trade, business, and economics. These include business studies, accountancy, economics, finance, marketing, and management, each with its own purpose and applications. Together, these branches help us to understand how business operates and how economic activities help us to understand society.

Business Studies

Business Studies is the branch that deals with the organization, management, and operation of businesses. It helps us to understand how businesses start, grow, and succeed in the market. It covers management, marketing, and finance:

Accounting

Accounting is the process of recording, summarizing, and analyzing financial transactions. It has several key areas that you study in school and in professional courses like CA, B.Com, etc.

Economics

Economics is the study of how resources are used to produce and distribute goods and services. It helps us understand how individuals, businesses, and governments make decisions. It is broadly divided into two main parts—Microeconomics and Macroeconomics—but also has many specialized branches.

Microeconomics

Microeconomics studies the behaviour of individuals, households, and firms in decision-making. It explains how prices are determined and how resources are allocated in the market.

Macroeconomics

Macroeconomics deals with the economy as a whole. It focuses on national income, employment, inflation, and government policies.

Statistics for Economics

Statistics for Economics is the branch that applies statistical tools and methods to study, analyze, and interpret economic problems. It helps economists make decisions using data instead of guesswork.

Indian Economic Development

Indian Economic Development studies how the Indian economy has evolved from independence till now. It focuses on growth, challenges like poverty and unemployment, and policies adopted to improve living standards.