Commerce as a stream of education can be defined as a study of trade and business activities such as the exchange of goods and services from producer to final consumer. The main subjects that are taught in the Commerce stream in Class 11 and 12 include Economics, Accountancy and Business Studies. Choose this field if you have a genuine interest in these subjects and have an affinity for numbers, the economy and business!
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. Economic reasoning and theories have been increasingly applied in the recent era to not only the study of economies but also social situations where there is no monetary consideration, such as politics, law, psychology, history, religion, marriage and family life, and other social interactions. Studying accountancy enables a student to learn and discover the various causes of successes and failures of different business enterprises. The principles of accountancy are applied to business enterprises in three divisions of practical art, named accounting, bookkeeping, and auditing.
Both science and commerce are complex study areas in their own ways and cannot be compared. The Commerce stream should be
pursued by students who have an aptitude as well as an avid interest
in it.
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