Question

discuss Core differences among business commerce and trade​

Answer 1

Answer:

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.

Explanation:

Answer 2

Answer:

Meaning-

1). Trade means the exchange of goods and services between two or more parties in consideration of money or money’s worth.

2). 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.

Scope

Narrow For trade and Wide for business

Type of Activity - Social Activity for trade and Economic Activity for business

Frequency of Transactions

Isolated for trade Regular for business

Employment opportunities -No for trade Yes for business

Link

Between buyer and seller for trade, Between producer and consumer for business

Demand and supply side

Represents both(trade), Represents only the demand side(business)

Capital requirement

More(trade), Less(business).

Explanation:

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