Difference Between Commerce And Business

| August 12, 2014 | 0 Comments

Distinguish between Commerce and Business? Write down the main points of difference between Commerce and Business?

Difference Between Commerce And Business

Commerce:

Nature:

It is sum total of those activities which are directly or indirectly related to the exchange of goods.

Classifications:

It is a branch of Business.

Scope:

Its scope is narrower then the business. It includes internal and external trade and auxiliaries to trade only.

Exchange:

It is connected with the exchange of goods.

Business:

Nature:

Business includes all those activities through which profit is earned.

Classification:

It is a wider term and includes commerce and industry.

Scope:

It has wider scope as it includes all kinds of trade, auxiliaries to trade, production, extraction and farming also.

Exchange:

It is connected with exchange as well as production of goods.

About the Author:

×

Post a Comment