Question

difference between economic and commercial activities

Answer 1

Commerce is a word that speaks of trade, or more precisely, an interchange of goods and commodities, usually between two countries. So, if one country gets oil from the Middle East, then this falls under commerce. Or if a country get soybeans. I think you get the picture.

Economics is the broader term that encompasses commerce, but other things that deal with finances. For example, the equities markets fall under the larger rubric of economics. So, does things that pertains to the internal state of a country, such as consumer spending
hope it helps::))))

Answer 2

The following are the differences between economic and commercial activities:

1. Commercial activities include those features of an economy that are bound to the interchange of commodities, services, and labor exercises, whereas, economic activity draws and encourages a variety of industries.

2. Basically, commerce is a term talks of trade or the exchange of goods and services generally between two nations (for example, if any nation receives oil from the Middle East). Whereas, the term Economics is a broader term that includes not only commerce but other important things that deal with finance. For instance, the assets markets come under the extensive rubric of economics.