how are business and trade related
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Trade is a basic economic concept involving the buying and selling of goods and services, with compensation paid by a buyer to a seller, or the exchange of goods or services between parties.
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The key difference between trade and business is that trade involves buying and selling of goods, whereas business involves all activities performed by a business entity including, buying and selling, advertising, marketing, etc.
Trade refers to buying and selling of goods and services. Business refers to production and exchange of goods and services for the sole motive of earning profit.
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