can you differentiate between trade and business??
Answers
Answer:
Trade is part of business activity and business is a term used for all the activities performed by a business enterprise. ... Trade is the buying and selling of products or goods. and business is dealing in any activity to earn profit either by selling or buying of goods and services but for the sake of profit.
Explanation:
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Answer:
Explanation:
Business is a term used for all the activities performed by a business enterprise. This includes three basic activities of buying, manufacturing and selling. In addition a business may carry out additional activities such as product design, advertising and financing. Based on this basic meaning, the word business may also be used in several related ways such as a firm or enterprise in business activities, the overall state or performance of such firm (for example, "how is business?"), and group of firms or their activities connected with a common product (for example, automobile business).
In contrast, trade refers only to the buying and selling activities, which form a part of business activities. The word trader is often used to describe business firms, such as wholesalers that are primarily engaged in buying and selling activities. Also the word trading is used more often to describe buying and selling activities involving large quantities between traders rather than selling to retail customer. Usually import and imports and exports involve buying and selling of large quantities between traders, and therefore it is more common to use term trading for such activities.