Question

Differentiate between trade and commerce
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Answer 1

=> 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

Hope the answer helps you

Answer 2

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.