Question

differentiate between trade and commerce .​

Answer 1

Answer:

Trade stands for selling and buying of goods in exchange for money. Two or more parties are involved in it. However, commerce stands for the entire process of delivering products from manufacturers to consumers. It comprises factors like transportation, banking and insurance, warehousing etc.

Explanation:

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Answer 2

Answer:

Trade stands for selling and buying of goods in exchange for money. Two or more parties are involved in it. However, commerce stands for the entire process of delivering products from manufacturers to consumers. It comprises factors like transportation, banking and insurance, warehousing etc.

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