Difference between Trade and commerce
Answers
Answer:
Explanation:
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.
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Answer:
Trade:
The buying and selling of goods for money is known to be trade. As the human wants are unlimited, a person cannot satisfy his wants with single goods so the trade takes place. The first type of trade was barter system of trade. Here, firstly the producer produces the goods, then it is carried out by the wholesaler and retailer then at the last only, the goods is reached to the final consumers
Commerce:
The exchange of goods and commodities for money which is especially on a large scale is known as trade. It usually takes place between businesses and entities or nations and countries. It increases the production in a mass which helps the consumers to purchase the goods in a low cost.