Business Studies, asked by meghasharma47, 1 year ago

difference between industry ,commerce,and trade​

Answers

Answered by sanu870
4

Answer:

Industry is related to production of goods and services. commerce is related to distribution of products and trading is related to the transfer (exchange) of goods and services.

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Answered by kartik123444
9

Answer:

Industry

It is type of business organisation who convert into useful resources.It is used for collection of industry who are doing same work.

Commerce

It includes both trade and auxiliaries to trade. We can say commerce refers to exchange of goods and services and activities which assist this exchange.

Trade

Exchange of goods and services between state or between countries for value is known as trade.

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