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What is the difference blw. Commerce …

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What is the difference blw. Commerce and aids to trade

    • Posted by Pankaj Swaroop 4 years ago

    CBSE > Class 11 > Business Studies
    • 1 answers

    Yogita Ingle 4 years ago

    Trade Commerce
                                                                    Definition
    Trade is referred to as a basic economic activity that involves buying and selling of different goods and services between two or more parties involved in the transaction. Commerce involves all the activities that aid in promoting the exchange of goods and services from the manufacturer to the last customers. Primarily, the activities are banking, transportation, advertising, warehousing, insurance, etc.
                                                                      Reach
    Narrow Wider reach
                                                                      Purpose
    Satisfying the social perspective of seller and buyer To look for generation of revenue
                                                                    Connects
    Buyer and seller Manufacturer and end user
                                                            Requirement of Capital
    Trade requires more capital Commerce has less capital requirement

    1Thank You

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