Who Is The Father Of Commerce? (2024)

Father of Commerce: Poseidon is recognized as the Father of Commerce because, as the God of the Sea, he controlled the main trade lines of old societies, largely carried through sea channels. His impact stretched beyond the world of Greek myths, as he actively changed actual aspects of business by ensuring the security of sea journeys for traders. The sea, symbolizing wealth and success under Poseidon’s control, shows the deity’s deep link with trade and economic progress.

The idea of Commerce has existed since ancient times, growing alongside the growth of societies. Intriguingly, Poseidon, the Greek God connected with the sea, rivers, and horses, holds the respected title of the Father of Commerce. Revered as the Sea God, Poseidon played a key role in supporting and protecting marine trade, a basic aspect of business in past times. His control over sea routes laid the basis for trade and contact among diverse cultures, adding significantly to our modern understanding of commerce.

Who is the Father of Commerce in the World?

Poseidon, the ancient Greek deity, is renowned as the Father of Commerce. As one of the twelve Olympian gods in Greek mythology, Poseidon holds dominion over the sea, earthquakes, and horses. The translation of his name, meaning “husband,” suggests a connection to fertility and prosperity, attributes frequently linked to the realms of trade and commerce.

Who is the father of Commerce in India?

In India, the ‘Father of Commerce’ title is commonly attributed to Mr Jamsetji Tata. Born in 1839, he was an industrialist and philanthropist pivotal in the modernization of Indian industries and commerce. Some notable achievements contributing to his recognition as the Father of Commerce in India include:

• Jamsetji Tata played a crucial role in founding significant industries like the Tata Iron and Steel Company and the Tata Power Company, which became integral to India’s industrial revolution.
• Tata’s commitment to philanthropy is well-acknowledged. He believed in the principle that wealth acquired from society should be returned to society, a philosophy still adhered to by the Tata Group. This approach earned him the distinguished title of the Father of Indian commerce.
• Tata strongly advocated for the promotion of science and technology in India. He founded the Indian Institute of Science (IISc), located in Bangalore, which played a pivotal role in advancing scientific research within the country.

Subjects in the Commerce stream

Commerce includes four main subjects:

Business Studies:

As the name suggests, business studies dig into the examination of business, commerce, and trade within the economy. This subject covers the formation and development of businesses, giving views into the business world and the driving factors. Engaging in business studies gives a complete understanding of the corporate world.

Accountancy:

At the core of businesses worldwide, accountancy and accounting play important roles. Proper accounting is important for any top company across industries to measure financial results. The accounting field teaches basic principles, showing how to prepare and analyze company financial records, and evaluate an organization’s financial success.

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Economics:

Regarded as the most complicated yet vital subject in commerce for CBSE classes 11 and 12, economics provides a deep understanding of what makes an economy and the reasons for learning it. This course also teaches students about the workings of national and foreign markets.

English:

Regardless of the stream, English remains a universal topic. Studied until the ninth grade, it is a language that spans specific areas. English literacy is vital beyond school life, as it serves as the main language ensuring assurance in both business and job settings.