Question

Is Trade and Commerce same?

Answer 1

Trade stands for selling and buying 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.

Answer 2

Answer:

Trade stands for selling and buying 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.