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Full summary of Bussiness studies chapter-1 in breifly.

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  • Business studies
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In this document you will find a chapter - 1 of bussiness studies from your text book . over here you will find a brief explanation about this wonderfull chapter .

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Document information

  • June 30, 2024
  • 11
  • 2023/2024
  • Summary

Subjects

  • bst
  • bussiness studies
  • class 11th
  • classnote
  • summary

Written for

  • Secondary school
  • Business studies
  • 5
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These notes are provided from studifysuccess




CLASS: 11
BUSINESS STUDIES

UNIT- NATURE AND PURPOSE OF BUSINESS


HISTORY OF TRADE AND COMMERCE

India has himalayas in the north borderd by water in south. India got connected to
adjoining Foreign countries through the network of roads leading to slik routes .

https://www.studifysuccess.com/ MADE BY – RIYA DUBEY

, These notes are provided from studifysuccess



The maritime routes linked the east and west by sea and were used for trade of spices
Known as spice route.
The trade was mainly carried out by water and land . The civilization like harappa and
Mohenjodaro had established commercial connections with mesopotamia and traded in
Gold ,silver, copper , coloured gem stones ,etc.
there were some trade regulations different types of coins and weighing practices .

IMPORTANCE OF BUSINESS IN THE DEVELOPMENT
OF ECONOMY
The progress of economic life take place many developments which are as follows :

1. The money was channelised into further investment and this help in the growth
of indigenous banking system .
2. Hundi and chitties were used as document that transfers money from one to another
For trading activities .
3.There are different types of hundis practised by Indian merchants are as follows.



https://www.studifysuccess.com/ MADE BY – RIYA DUBEY

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