Question

What is the basic relation between trade & commerce?​

Answer 1

Answer:

Trade is referred to as a basic economic activity that involves buying and selling of different goods and services between two or more parties involved in the transaction. Commerce involves all the activities that aid in promoting the exchange of goods and services from the manufacturer to the last customers.

Answer 2

Answer:

1. Trade is referred to as a basic economic activity that involves buying and selling of different goods and services between two or more parties involved in the transaction. Commerce involves all the activities that aid in promoting the exchange of goods and services from the manufacturer to the last customers.
2. Industrial Revolution led to large scale productions which led to the expansion of trade and commerce. Surplus goods were sold to other countries. Increasing profits made the industrialized nations rich and prosperous. Trade also expanded because steamships were being used, which were superior to the earlier ships.
3. Business-to-Business (B2B)
4. Business-to-Consumer (B2C).....(commerce) Internal or Home or Domestic trade.
5. External or Foreign or International trade......(trade)
6. An example of trade is the tea trade where tea is imported from China and purchased in the US. An example of trade is when you work in sales. An example of trade is the act of exchanging one item for another or one item for money. The people working in or associated with a business or industry.An example of commerce is trade between two countries. An example of commerce is the social or intellectual exchanges amongst a group of friends. The buying and selling of goods, especially on a large scale, as between cities or nations.

Explanation:

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