Development of Commerce

Commerce is that aspect of business activity which is concerned with the distribution of goods and services produced by industry.Modern commerce, in its highly developed form, consists of a complex and well developed system of exchange and a well-organized system of exchange and a well-organized system of transport, insurance, were housing and other allied activities which facilitate trade. This system is the out come of gradual evolution spread over a long period of human history. The following stages in this long process of development may be marked.To regulate commercial intercourse with foreign merchants who were often mistrusted, merchant guilds, which were public and semi public institutions, were organized in towns. The pattern of commerce grew in complexity. Specialized institutions like banks. Transport companies, insurance companies, warehousing, companies were set up to help the traders.
And with it commerce started to develop.