Question
Explain the difference between trade and commerce.
| Points | Trade | Commerce |
| $1.$ Meaning | With the objective of profit exchange of product or service for money means trade. | Group of various services supporting trade is commerce. |
| $2.$ activities | Only purchase and social activities are carried out in trade. | In commerce besides trading supporting activities such as bank, insurance, godown, transport, communication etc. are included. |
| $3.$ Scope | Its Scope is limited because in trade only product is exchange against money. | In commerce besides trade various supporting services are included so its scope is wider. |
| $4.$ Introduction Of party |
Trading activities are mostly carried on between known parties. | In the activities of commerce. direct party too can take the benefit of supporting services. |
| $5.$ perishable Goods |
It is difficult to trade perishable items to distant places. | Due to commerce it is easy to trade perishable items. |
| $6.$Opportunities of employment | Through trade limited Opportunities of employment arise. | Due to commerce more opportunities of employment arise. |
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