COMMERCE - Higher Secondary - First Year

These flashcards cover key concepts in commerce, focusing on trade, banking, insurance, and consumerism.

Untouchability

Considered a sin, crime, and inhuman practice that discriminates against certain groups.

Barter System

A trade system where goods are exchanged for other goods without using money.

Internal Trade

Trade carried out within the boundaries of a country.

International Trade

Trade between one country and another.

Transport

The means of moving goods from one place to another.

Warehousing

The storage of goods to manage supply and demand.

Banking

A financial institution that accepts deposits, provides loans, and manages financial transactions.

Insurance

A contract that provides protection against financial loss.

Advertisement

A message aimed at promoting the sale of products.

Consumerism

An organized movement advocating for consumer rights and interests.