distinguish between business and commerce
Answers
Business and Commerce are word with similar meaning, but they also differ from one another . Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling. ... Business can be an entity , commerce refers to trade and trade- related activities .
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Business is the activity of making one's living or making money by producing or buying and selling products (such as goods and services). Simply put, it is "any activity or enterprise entered into for profit. It does not mean it is a company, a corporation, partnership, or have any such formal organization, but it can range from a street peddler to General Motors..."
Commerce relates to "the exchange of goods and services, especially on a large scale". It includes legal, economic, political, social, cultural and technological systems that operate in a country or in international trade...
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