The term Commercial Education includes practical training in the field of commerce. It covers professional courses like accounting, banking, book-keeping, business methods, costing, marketing, income tax, sales tax practices, higher statistics, etc. Here is a quotation by Nelson Mandela about the power of education 'Education is the most powerful weapon which you can use to change the world.'
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Pakistan is a developing country. The importance of commercial education in Pakistan cannot be overlooked. We are living in an age of commercial and technical revolution, and for the real progress of commerce and industry, we need efficient and trained hands. Therefore, commercial education is of imperative necessity in our country. It becomes all the more important because although we have already entered the field of commerce and industry, we do not have a sufficient number of trained persons. Modern business is a highly complicated one. It is elaborate machinery with wheels and counter wheels nicely adjusted and regulated to well-planned ends. The commercial education acquaints our young men both with the theoretical as well as practical aspects of all matters relating to it. The study of theories and practices of commerce, trade, and industry enables a business man to see things in their true color. It equips him with the knowledge of the tendencies which are at work in the business market. A reputed English writer, somewhere told that 'Prejudices, it is well-known, are most difficult to eradicate from the heart whose soil has never been loosened or fertilized by education: they grow there, firm as weeds among stones.'
Education began in prehistory, as adults trained the young in the knowledge and skills deemed necessary in their society. In pre-literate societies, this was achieved orally and through imitation. Story-telling passed knowledge, values, and skills from one generation to the next. As cultures began to extend their knowledge beyond skills that could be readily learned through imitation, formal education developed. Schools existed in Egypt at the time of the Middle Kingdom.[2]
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