What are the Subjects in Commerce?
Business studies, or commerce, is a broad field that encompasses a variety of subjects relating to the commercial world. These subjects help students understand how markets operate, how businesses are structured, and how to apply theoretical knowledge to practical problems. In this field of study, students explore essential concepts such as economics, accounting, finance, marketing, business management, and statistics. Here, we will provide an in-depth overview of the core subjects in business studies, their importance, and their application in real-world business scenarios. 1. Economics Economics is one of the foundational subjects in business studies. It involves the study of how resources are allocated in societies and how goods and services are produced and distributed. Economics is typically divided into two major branches: microeconomics and macroeconomics. Microeconomics: This branch focuses on the behavior of individual economic units such as consumers, firms, and industries...