Why is commerce considered as the backbone of industry and other business activities?

Explanation

Commerce is considered as the backbone of industry because it performs the following functions.
1. Helps in removing the Hindrance of Persons.
2. Helps in Removing the Hindrance of place.
3. Helps in Removing the Hindrance of Time
4. Helps in Removing the Hindrance of Exchange
5. Helps in Removing the Hindrance of Risk.
6. Helps in Removing the Hindrance of knowledge.