Question

difference between trade and Commerce​

Answer 1

Answer:

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Explanation:

Trade is a narrow term that merely includes the selling and buying whereas commerce is a wider term that includes exchange as well as the several revenues generating activities that complete the exchange. Trade is generally done to satisfy the need of both the seller and the buyer which is more of a social perspective.

Answer 2

Answer:

Commerce is concerned with facilitating the exchange of goods and services in the economy. It is sub-classified as trade and auxiliaries to trade. Many think that trade and commerce are the same terms and can be used interchangeably. But the fact is both the terms are different from each other and carry different meanings. Trade simply means buying and selling of goods and services in return for money or money’s worth

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.....Anna....