Nature & Scope Of Commmerce

Component Of Business

Business

                        1. Commerce                    2. Industry

Industry

"Industry is the part of business which is connected with the production of goods and services".

Industry 

1.Primary            2.Secondary

Primary:

Primary industry is engaged in production or extraction of raw material, which is used in secondary industry .

Types of Primary Industry: 

1. Extractive Industry
2. Genetic Industry