Differentiate between trade and commerce
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=> Trade means the exchange of goods and services between two or more parties in consideration of money or money’s worth.
=>Commerce means exchange of goods and services between the parties along with the activities such as insurance, transportation, warehousing, advertising etc that completes that exchange
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TRADE 》Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market.
COMMERCE 》Commerce is the conduct of trade among economic agents. Generally, commerce refers to the exchange of goods, services, or something of value, between businesses or entities.
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