History of Trade and Commerce in India: Indigenous Banking System, Rise of Intermediaries, Transport, Trading Communities: Merchant Corporations, Major Trade Centres, Major Imports and Exports, Position of Indian Sub-Continent in the World Economy.
Business – meaning and characteristics.
Business, profession and employmentConcept.
Objectives of business.
Classification of business activities – Industry and Commerce.
Industry-types: primary, secondary, tertiary Meaning and subgroups.
Commerce-trade: (types-internal, external; wholesale and retail) and auxiliaries to trade; (banking, insurance, transportation, warehousing, communication, and advertising) – meaning.
Business risk-Concept.
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