Question

What Is the Difference between Trade,Business,Industry and Commerce?​

Answer 1

Trade - Purchase and sale of goods and services. and semi-finished products into finished products. Commerce- Comprises trade and auxiliaries to trade. Trade - Comprises exchange of goods and services.

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Answer 2

Answer:

These three terms are interelated with each other.

Explanation:

Trade denotes buying and selling of goods and services for maney.

Business is concerned with production,distribution and consumption.

Where as Industry  is a part of business which deals with production of goods and services and its has primary status.

Commerce is also part os business which deals with  distribution of goods and services and it has secondart status.