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incurred by the expansion of trade and commerce in this country. In the following section wewill go on more details how this poverty reduction has been caused by the trade and commerce.

2. Generation of Employment

The growth of commerce, industry and trade bring about the growth of agencies of trade inBangladesh such as banking, transport, warehousing, advertising, etc. These agencies needpeople to look after their functioning. Increase in production results in increasing demand, whichfurther results in boosting employment opportunities. Thus development of commerce generatesmore and more employment opportunities for millions of people in a country. Such as inBangladesh the garments sector generates employment for almost 2 million people in thiscountry.

3. Increase in standard of livingStandard of living refers to quality of life enjoyed by the members of a society. When manconsumes more products his standard of living improves. To consume a variety of goods he mustbe able to secure them first. Commerce helps us to get what we want at right time, right placeand at right price and thus helps in improving our standard of living. As due to expansion oftrade and commerce more and more employments have been generated which added an extraincome to the total amount earning of the poor people of this country. As more income meanshigher standard of living, thus trade and commerce is playing a vital role to the economicdevelopment of this country.

4. Growth of industrial developmentCommerce looks after the smooth distribution of goods and services made available by theindustry. Without commerce, industry will find it difficult to keep the pace of production. Ithelps to increase demand for goods on one hand and on the other hand it helps industries bygetting them the necessary raw materials and other services. Hence, commerce helps in attainingbetter division of labor and industrial progress. Thus in Bangladesh due to expansion of trade andcommerce, more and more industrial development has been caused.

5. Increase in national incomeWhen 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. In Bangladesh trade andcommerce accounts for almost most of national income in this country.

6. Infrastructure developmentThe total infrastructure development has been caused due to mainly by the expansion of tradeand commerce. As industrial development occurs due to expansion of trade and commerce, itneeds developed roads and transport as well as better infrastructures which propel the speed of

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development through out the society. Infrastructures gets a momentum in an under developedcountry when more and more industry emerge in the economy.

7. Increase in GDPAs trade and commerce introduces new and diversified dimensions to the economy ofBangladesh, more and more industry have been emerged. The total production in Bangladesh is

increasing year by year. According to the World Bank report in the year 2010, the total number

of GDP was $100.36 Billion US dollars at current prices which was only

8. Increase in international tradeThrough expansion of trade and commerce we can secure a fair and equitable distribution ofgoods throughout the world. With the help of transport and communication development,Bangladesh can exchange their surplus commodities and earn foreign exchange, which is very

useful for importing machinery and sophisticated technology. It ensures faster economic growthof the country. As a result Bangladesh is earning a lot of foreign currency through exporting thedomestic goods throughout the world.

9. Backward and forward linkagesMore and more backward and forward industries have been established as to support the mainindustry. Such as when a garments industry is established it needs other materials such as-accessories, human resources etc. thus more and more backward and forward linkage industrycan be flourished through which economic development can be ensured.

10.Support the Agriculture sectorAs Bangladesh is an agricultural country, agriculture plays a vital role here. We can exploit theadvantage of having the agricultural products here if we can further process these products. InBangladesh, more and more industries have been emerging due to expansion of trade andcommerce which will support the agriculture of our country. If agriculture survives andflourishes our economy will flourish. In this perspective the immergence of new industrial sectorwill boost up the economy of our country.

11.Helps in expansion of aids to tradeWith the growth in trade and commerce there is growing need for expansion and modernizationof aids to trade in Bangladesh. Aids to trade such as banking, communication, advertising andpublicity, transport, insurance, etc., are expanded and modernized for the smooth conduct ofcommerce. Thats why the expansion of trade and commerce made a ground for these sectors tobe flourished.

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10. Commerce helps during emergencies

We know Bangladesh is land of natural calamities. Every years the flood visits our countryfrequently which deters the trade and commerce to be flourished. During emergencies likefloods, earthquakes and wars, commerce helps in reaching the essential requirements like

foodstuff, medicines and relief measures to the affected areas of Bangladesh. Thus during theemergency situation Bangladeshi people are greatly befitted by this commercial institutions.

Conclusion

In every spheres of economic life we see how greatly the role of trade and commerce arebenefitting us through abundant opportunities. In the era of globalization, we can not ignore this.However, from the very beginning of our independence if we would have been able to realize theimportance, we could have been developed a much further. Its the high time our govt. should

take necessary measures to attract the local and international investors to take the industrialsector a more step ahead and keep the development running in full swing.