write any three difference between commerce and trade
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Business involves transfer or exchange ofgoods and services for value.
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Nature and Purpose of Business.
IndustryCommerceTrade2. It represents supply side ofgoods and services.It represents demand side of goods and services.It represents theexchange ofgoods and services
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It involves purchasing goods and services by large organisations. Commerce mainly deals with transactions taking place between nations.
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Commerce.
Trade Commerce
Connects
Buyer and seller Manufacturer and end user
Requirement of Capital
Trade requires more capital Commerce has less capital requirement
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