Question

Write any four differences between trade and Commerce​

Answer 1

Explanation:

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Answer 2

Answer:

Trade is selling and buying of goods and services between two or more parties in consideration of cash and cash equivalents. Commerce includes the exchange of goods and services along with activities viz. banking, insurance, advertising, transportation, warehousing, etc. to complement the exchange. Trade have narrow scope and commerce have Wide scope. Type of activities of Trade and commerce are social activity and economic activity.

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