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1.Trade refers to mere exchange of goods,i.e., mere buying and selling of goods. but commerce refers not only buying and selling of goods, but also other activities,such as transport,insurance,warehousing, banking and advertising, which helps buying and selling of goods.
2.Trade is a branch of commerce,whereas commerce is a branch of business.
3.the scope of commerce is wider than that of trade.
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What is the difference between commerce and finance?
commerce relates to the trade activities, exchange of commodities etc while finance deals with budgeting, accounting,bookkeeping etc finance is a subject in commerce. commerce is business,marketing,accounting,controlling these activities while finance is focussed function related to inflows n outflows
What is commerce and trade?
commerce can be define as an act of buying and selling goods n services.
What is trade and commerce?
commerce can be define as an act of buying and selling goods n services.
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Both are same. Trade is a business of buying and selling commodities. Deal is to distribute the trade among several recipients. Let us consider the below example. Trade value is 1000 it can be splitted into n number of deals. Then each deal value = trade value/n
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n
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