what is meant by industry and trade
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Industry is concerned with the processing of materials and production of goods, whereas commerce is concerned with the distribution of those materials and goods.
Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. Economists refer to a system or network that allows trade as a market. An early form of trade, barter, saw the direct exchange of goods and services for other goods and services.
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Explanation:
Industry is concerned with the pocessing of materials and production of good whereas commerce is concerned with the distribution of those materibution and good
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