Commerce stream is the most sought-after these days. This is due to the large array of options that are available after completing graduation in commerce. The financial literacy rate among the youth is very less and the demand for financially literate people has surged in the last few decades. So what is stop payment many people tumble when such a basic question is asked. Earning money is necessary but learning to handle the money and make money work for us is very imperative and is the need of the hour. As the person should have more the one source of income in life
Commerce offers a diverse range of subjects and this helps them in pursuing higher education in that field. For students who are good with numbers and have a good eye for examining them, then Economics, Accounts, and Finance are good options for them. So for them, commerce is the stream.
So What Is Commerce?
It is that stream of education that helps in defining trade and business activities which may include trading of goods and services from the manufacturer to the end-user. Students will have Accountancy, Economics, and Business studies as their subjects which will sharpen their skills. If you planning to have your business someday in the future above mentioned subjects can be your foundation stone for building your bright future.
Ecommerce:
It is a study of production and distribution and about the consumption of goods and the services offered. It mainly has two branches micro-economics and macro-economics. In micro-economics, the individual agent is the parameter of analysis. In macro-economics, the economy as a whole is the parameter of analysis. Economics is a subject that is always evolving due to which there is a lot of impact on the companies, organization, and nation. Knowledge of economics can help us to understand international trade much better away. The effects of government policies have an impact on the economy and on the jobs of the people.
Business Studies:
This is an important subject for the students of the commerce field. It is a subject which deals with the operations of the current business world. It covers all the important points of a business unit and points in which the firm might get affected due to different situation which might arise. Here factors such as marketing, human resource, operation management, and other points will be covered. Here it will make them aware of the different policies and tactics used by some companies which can be good learning for them. It is not only just studying but learning and mastering the art of how to do business. It is their first window towards the corporate world and the professional life they are pursuing in the upcoming future. Business is something which directly or indirectly affects the life of the people creating of jobs, creation of income source, enhancing the life of the youth and having a deep impact over the society. Observing business and try to see learn the business has a great impact on the student in his college life.
Accountancy:
Accountancy is the core of commerce and both of them are inseparable from each other. This part involves some mathematical calculations about the business. By just reading the balance sheet of a company lot can be learned about it how the business is doing is it growth health or it is on a ventilator. Is there any debt on the company how has the company grown in the last few years. The most important thing profit earned after the tax is something which that would excite the reader. Has the company paid dividends to shareholders? The balance sheet is something that makes or changes the fortune of the company. Studying accounts is like a bible for the people who want to do business. As they learn all the aspects of the business and factors causing success and the failure of the business. Those who learn accountancy learn the art of recording, and the method to classify them, and draw a conclusion at the end. Their decision will affect directly the money-making capability of the organization. In the end, it all boils down to how much money has been made at the end, that is the profit being earned.
Conclusion:
Those who take commerce field will never die due too hungry as there is always some kind of job available for them. It all depends upon if you have a liking for doing business and if you love figures and love playing with the numbers this field is something that will definitely not disappoint you. The 3 golden rules of commerce are here to stay they are not going to change. Commerce has that much power that it can change the fate of the whole world. In the current world, those who have understood this are doing pretty well in business and the best example for this amazon.
