Question

19. Give the meaning of trade and commerce?​

Answer 1

Answer:

Trade is referred to as a basic economic activity that involves buying and selling of different goods and services between two or more parties involved in the transaction.

Commerce involves all the activities that aid in promoting the exchange of goods and services from the manufacturer to the last customers.

Explanation:

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Answer 2

Answer:

Trade involves in transfer of goods and services from 1 person to another or entity to another, often in exchange of money.

Commerce is the activity of buying and selling on a large scale.

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