what are the role of commerce in satisfying human wants
commerce is a branch of human activities which distribute goods and services and full fill human need and wants
The commercial activities like buying help people satisfy their human wants.
The solution of unlimited human wants are unlimited resources to satisfy those wants. Unfortunately, resources are limited and they will always be limited in comparison.
production
To satisfy human "wants" and not "needs"
what are the role of commerce in satisfying human wants
commerce is a branch of human activities which distribute goods and services and full fill human need and wants
The commercial activities like buying help people satisfy their human wants.
The solution of unlimited human wants are unlimited resources to satisfy those wants. Unfortunately, resources are limited and they will always be limited in comparison.
production
consumption
when you invest your capital, you create the products which will satisfy human needs and wants you can also be creating needs and wants.. but that's an other story
It is called production.
The role of commerce to satisfying human wants is to drive the capitalism and distribution of goods and services to consumers. Commerce is the entire process from production to consumption.
Demanded goods which satisfy human wants directly is called direct demand.
Economic problem arises mainly due to two reasons- (i) human wants are unlimited (ii) means to satisfy human wants are scarce.