The modern world is very fast and complicated. It is a world of commerce and business. Every country tries its level best to have frequent trade and commercial dealings with other countries to improve its economy. The prosperity and the growth of economy of a nation depend upon its business, trade and commerce and highly developed industries. In the past, the business and other commercial dealings were easy, but the high growth rate of population and development of all the nations have made the trade and business very complicated and hard. The modern business requires highly trained and skillful young men.
This requirement has given due importance to commerce education. The main objectives of the commerce education are to train and to educate our youth to manage the highly complicated modern business, and to get the desired results from the trade. Commerce education means to enable our youth to compete in the modern business and to pace with the modern world.
The commerce education gives pragmatic approach of the modern economics and industry. The commerce education enables the youth to understand and judge the various trends of trade and business of the modern world. A commerce graduate keeps his eyes on profit and loss, the rise and fall in the business and the demand of the modern time. He knows well how to deal with the customers. He can advertise the items and commodities of his company and the country well. A well-organized company needs a well-educated manager.
A commerce graduate manages his company well according to the needs of the hour. He judges well and makes a good forecast of the future. He attracts the foreign companies and customers easily. The commerce education trains the youth in the fields of costing, income tax practice and sales tax practice. The commerce education makes the individuals independent and self-sufficient. They earn their livelihood by themselves. Commerce education enables them well aware about the. Challenges of the modern times. After completing the commerce education, it becomes easy for them to choose a right career, of their choice.
They reach their destination easily and gain their goals. The commerce education has become a pressing need of the modern times. The development of a nation is measured with its strong economy. If the economy of a nation is strong and well built, that nation is honored and liked in the entire world. All the nations of the world desire to have trade and business with, that nation. If the economy of a nation is weak and poor, that nation is left behind in the entire world. It means that the progress of a nation depends upon economy and a well-set economy is possible only when it is managed by commerce graduates. Keeping in view the importance, of commerce and commercial education, the government has established many commercial institutions. These institutions are training the boys and girls in commerce education.