Question

Commerce is a wider term than Trade . justify the Following​

Answer 1

Answer:

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Explanation:

Commerce is a part of the business. ... Along with trade, commerce also includes auxiliaries or services to trade. These services help in the smooth running of trade. Thus, it clearly indicates that commerce is a wider term than trade.

Answer 2

Commerce is a much wider term and has more scope than trade.

Explanation:

• Trade refers to the process of buying and selling of goods.
• On the other hand, commerce is a wider term that includes within its scope other activities related to market and economic management.
• Commerce includes the distribution channels, economic policy, relations, and other factors of businesses.
• Therefore, the given statement is true, it has a wider scope because trade is an inherent part of commerce.