Fill in the blanks with appropriate words in the following sentences:

Trade and commerce contribute to the economic development of a country by paying ______ ______ and ______ to the government.

Trade and commerce contribute to the economic development of a country by paying rates, taxes and duties to the government.

Explanation: The buying and selling of goods in consideration of money or money’s worth is called trade. Commerce includes all activities that facilitate the exchange of goods and services. It deals with all activities that include a smooth buying and selling of goods and services. Commerce acts as a source of income for the government by paying various rates, taxes and duties to facilitate the smooth movement of goods and services.