Difference Between Commerce And Trade

| August 17, 2014 | 0 Comments

Define Difference between Commerce and Trade, explain in detail that what are the main different points between Commerce and Trade?

Difference Between Commerce And Trade Picture

Commerce:

Meaning:

Commerce includes all those activities which are helpful in transferring goods from the place of production to the ultimate consumer.

Classification:

Commerce is a branch of Business.

Scope:

It is a wider term.

Aids to Trade:

Aids to trade e.g. banking, insurance, transportation are included in it.

Obstacles:

It remove all obstacles in the exchange of goods.

Trade:

Meaning:

Trade refers to the exchange of goods only.

Classification:

Trade is a branch of Commerce.

Scope:

It is a narrower term, as it is a branch of the Commerce.

Aids to Trade:

Aids to Trade are not included in Trade.

Obstacles:

It removes only human or personal obstacle in the exchange of goods.

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