Question

Distinction between Industry,Commerce,Trade,..by basic terms....(plzzzzz very urgent).plzzzz help me.....

Answer 1

industry :

1) It is concerned With the production Of goods
And services.
2) it require large amount of fixed and working capital.
3) industries are clasified as extractive,genetic,manufacturing and conStructive.
4) it is the basis of modern business.
5) goods are produced by transforming forms.
6) industries are established at particular place.

Commerce:

1) It is concerned with the distribution of goods and services.
2) it requires lesser fixed capital but more working capital.
3) it is classified as trade and auxilaries to trade.
4) its basis is industries and profession.
5) goods are produced by vhange of place or by storing.
6) here, goods are transfered from one place to other place.

Trade:

1) it is concerned with actual purchase and sale of goods.
2) it may started and carried on with small capital.
3) it is classified as internal and external trade.
4) it is based upon commerce.
5) goods are produced by transferring its possesion.
6) market is the place where trading activities are performed.

Answer 2

Answer:

refer to attach.............I have only knowledge of commerce. ..