Commerce is a wider term than trade
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Trade is selling and buying of goods and services between two or more parties in consideration of cash and cash equivalents.
Commerce includes the exchange of goods and services along with activities viz. banking, insurance, advertising, transportation, warehousing, etc. to complement the exchange.
That is why commerce is a quite often used term .
Hope this answer helps you .
Commerce includes the exchange of goods and services along with activities viz. banking, insurance, advertising, transportation, warehousing, etc. to complement the exchange.
That is why commerce is a quite often used term .
Hope this answer helps you .
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