|TRADE AND COMMERECE|
The MJI Group is one of the leading traders for all kinds of its own manufactured goods.The group is into trading via retail and wholesale.
When production increases, national income also increases. In a developed country, manufacturing industries and commerce together accounts for nearly 80% of total national income. It also helps to earn foreign exchange by way of exports and duties levied on imports. Thus, commerce increases the national income and wealth of a nation.
A business or occupation for profit, particularly in retail or wholesale, sales or requiring special mechanical skill, to exchange one thing for another, this includes money for goods, goods for goods, and favors for goods or money.
Commerce looks after the smooth distribution of goods and services made available by the industry. Without commerce, industry will find it difficult to keep the pace of production. It helps to increase demand for goods on one hand and on the other hand it helps industries by getting them the necessary raw materials and other services. Hence, commerce helps in attaining better division of labour and industrial progress.
Through commerce we can secure a fair and equitable distribution of goods throughout the world. With the help of transport and communication development, countries can exchange their surplus commodities and earn foreign exchange, which is very useful for importing machinery and sophisticated technology. It ensures faster economic growth of the country.
During emergencies like floods, earthquakes and wars, the MJI Group through commerce helps in reaching the essential requirements like foodstuff, medicines and relief measures to the affected areas.