Who is the Father of Commerce: Poseidon, Background Information, Quick Facts, and Major Subjects

Father of Commerce Overview

Commerce is defined as the exchange of commodities and services between economic agents. Commerce, in general, refers to the exchange of products, services, or other valuable items between enterprises or entities. Commerce is one of the most popular academic subjects, along with Science and the Arts. Commerce deals with several facets of business, including commerce, accounting, financial information/transactions, and merchandising. Commerce facilitates commerce between nations and within nations, which aids in the growth of nations and their populations.

What is Commerce?

Commerce is defined as the exchange of commodities or services between two or more parties. Commerce also focuses on business-to-business commerce and the exchange of commodities and services. It is a subcategory of business that concentrates on the sale of finished or unfinished items rather than the sourcing, production, shipping, or marketing of such things. Commerce, in general, refers to the exchange of commodities or services for money or something of comparable worth.

Who is the Father of Commerce?

Commerce is the study of business, money, economics, commerce, and other topics. Furthermore, according to Greek mythology, Poseidon, the sea deity, is the father of commerce. This is because maritime channels are crucial for trading and exchanging products, as well as for importing and exporting items.

Father of Commerce Quick Facts

The following table shows some quick facts about Poseidon-

Father of Commerce: Poseidon 

Poseidon is revered as the father of commerce. He's a deity who has always been in touch with the people, and he understands the importance of commerce. He was born into a poor household in Antwerp, Belgium, but that didn't stop him. He learned to play the accordion and formed his own band, which was quite successful.

Poseidon realized as time passed that music wasn't going to be enough for him; he wanted more out of life than just generating nice sounds for people to dance to. So he entered the business sector and began selling items online. His first sales were CDs of himself singing songs from his band, but he soon noticed that they were being purchased as gifts for others (as opposed to just listening to themselves). As a result, he now offers everything from jewelry to apparel to furniture.

Poseidon has been successful in business since he first entered it because he understands what it takes to be a good businessman- you have to give value for money; you have to listen carefully; you have to make sure your customers are satisfied with what they purchased from you; and, most importantly, you must never give up.

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Father of Commerce Subjects

Commerce is divided into four major subjects:

Accountancy

Accountancy and accounting are two of the most important words in organizations all over the world. Any top firm in any field requires effective accounting to assess financial performance. The accounting stream teaches you basic accounting principles, how to compile and understand corporate financial statements, and how to assess the financial success of an organization.

Business Studies

The name of the topic is self-explanatory. As the name indicates, "business studies" are the study of business, commerce, and trade in the economy. You will study the economic development and evolution of firms. You will also gain knowledge of the business environment and the elements that drive it. This subject will assist you in comprehending the corporate world.

Economics

Economics is the most difficult yet vital topic in commerce in CBSE grades 11 and 12. It explains in great detail what an economy is and why you should study it. It also teaches pupils about the functioning of national and international economies.

English

English is a topic that exists independent of which group you are a member of. You studied the topic and fundamental language until you were in the tenth grade, and this isn't a new shoe that doesn't fit. It is a worldwide language in which you must be conversant. English is the sole language that can assure your survival in the business or job world after you leave school.

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Father of Commerce Key Takeaways

The following are some of the major details which have to be known while reading about Poseidon-

1. When prehistoric humans began trading products and services for mutual gain, commerce was born.
2. A transaction is the sale of a single item. All transactions are referred to as "trade."
3. E-commerce is a type of business that involves selling products and services through the Internet.
4. Today, the term "commerce" is widely used to refer to large-scale purchases and sales of commodities and services.
5. Commerce is a branch of business concerned with the distribution of products.