Distinguish between the following: Commerce and Trade.

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answered Dec 22, 2021 by VijaySharma (39.4k points)
selected Dec 23, 2021 by Vamikataneja

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	Commerce	Trade
(1) Meaning	Commerce is a part of business which looks after the distribution of goods and services.	Trade is buying and selling of goods and services.
(2) Scope	Commerce includes trade and auxiliaries to trade.	Trade includes home trade and foreign trade.
(3) Size	Commerce is wider than trade as it includes trade plus auxiliaries to trade.	Trade is narrower than commerce.
(4) Part of	Commerce is a part of business.	Trade is a part of commerce.
(5) Coverage	Commerce covers wider activities as it includes buying and selling as well as support services which help trade.	Trade is confined only to buying and selling. Thus it is more near to buyers.