Economics mother of commerce

 Human wants are unlimited, but resources are scarce is an older concept, still Human wants are unlimited but we have abundant of resources  , what to produce, how to produce ,by  whom to produce is not an central problems of an economy in the present scenario.The central statistical organisation can be effectively used,Shumpeters innovation theory of economics plays a vital role. 

ECONOMICS IS CONSIDERED AS AN MOTHER OF COMMERCE. National income, GDP,NNP can be computed based on the present scenario. 

Homogeneous, Heterogeneous, monopoly, oligopoly, perfect competition of market are done on the basis of demand and supply of market forces prevailing in the present scenario and present conditions.