How is trade different from commerce?

1.	How is trade different from commerce?
Answer» Differences between Trade and Commerce: 1. Meaning: Purchase and sale of goods and services for profit is called trade. Commerce is related with the trade and its auxiliary activities. 2. Objective: Trade aims at exchange of goods and services. The objective of commerce is to remove obstacle from the ways of exchange of goods and services. 3. Scope: The scope of trade is limited whereas the scope of commerce is wide. 4. Creation of utility: In case of trade authority utility is created whereas in case commerce, Time, place and authority utilities are created. 5. Interdependence: The basis of trade is industry and the basis of commerce is trade.

Answer»

Differences between Trade and Commerce:

1. Meaning: Purchase and sale of goods and services for profit is called trade. Commerce is related with the trade and its auxiliary activities.

2. Objective: Trade aims at exchange of goods and services. The objective of commerce is to remove obstacle from the ways of exchange of goods and services.

3. Scope: The scope of trade is limited whereas the scope of commerce is wide.

4. Creation of utility: In case of trade authority utility is created whereas in case commerce, Time, place and authority utilities are created.

5. Interdependence: The basis of trade is industry and the basis of commerce is trade.

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