why we choose Commerce stream- Commerce is the foundation of any society. India is a growing economy and the growth of any economy for that matter rests on the shoulders of its commerce sector. This implies the importance of commerce stream. The students who choose commerce as a stream have a huge responsibility not only of fetching a good salary but also of the growth of society and nation as a whole. Gone are the days when there was a dominance of science stream, now commerce is a popular choice among the students and the importance of commerce stream can be felt in every domain.
You become business minded after studying commerce . The youth wants a more secure and growth oriented life which can be provided by hard earned business. This is also one of the reasons that the importance of commerce can be seen so clearly and it is becoming the first choice of the students. Commerce is thus termed as a study of trade and business.
Commerce: As A Subject
Commerce is a vast subject that teaches the students all the aspects of trade and business. The major subjects taught in this field are economics, accountancy, business studies and statistics. Every subject has a special importance of its own and covers a specific area of commerce to highlight the importance of commerce stream as a whole.
Some of the reasons for studying Economics are given below:
Economics has two broad branches – micro-economics, where the unit of analysis is the individual agent, such as a household or firm, and macro-economics, where the unit of analysis is an economy as a whole.
Studying economics enables us to learn more about how the world works as it helps in gaining knowledge about the impact that decisions have on firms, industries and nations, the impact of international trade, both good and bad, the effects government policies have on the economy and on employment.
Business Studies is an important subject for commerce students. Here are some of the reasons why one should study Business Studies:
- Business Studies is a subject that deals with the operation and organization of modern business enterprises. The subject covers each feature of a business firm, such as how a firm will be affected in different business situations.
- The main areas of study in the subject include business organizations, their various features, structure and functioning, marketing, operations management, human resource management, etc.
Accountancy is an integral part of Commerce Stream. It’s scope and reasons for studying accountancy are elaborated below:
- Accountancy is a branch of mathematical science that is concerned with the financial information about a business entity to users such as shareholders and managers.
- The financial communication that is studied under the subject is generally in the form of financial statements that show in the terms of money the economic resources under the control of the management.
- The principles of accountancy are applied to business enterprises in three divisions of practical art, named accounting, bookkeeping and auditing.
Scope Of Commerce Stream and Career Choices
Commerce is in vogue among the young generation and is a career of choice for most of the students even after the high cut offs, exhibits the importance of commerce stream among students. Commerce is a popular choice of the masses which provides a plethora of career choices for success and financial security. The stream of commerce offers a wide range of secured career choices . For detailed Career Options Click Here