| Sr. No. | Industry | Commerce |
| Meaning |
| i | Industry involves the production or manufacture of goods and/or services. | Commerce involves the distribution and exchange of goods and/or services. |
| Location of Operations |
| ii | Activities of industry can take place at factories, small workshops or even at home. | Activities of commerce take place at markets and in offices. |
| Utility |
| iii | Industry creates form utility by processing raw material or semi finished goods into finished goods. | Commerce creates time, place and ownership utility. |
| Capital Investment |
| iv | Large amount of capital investment is required in an Industry. | A very large sum of capital investment is not required. |
| Resources Required |
| v | Natural, physical and human resources are required to manufacture goods and/or services. | Mainly human resources are required to distribute goods and/or services. |
| Forces in the Market |
| vi | Industry influences the supply of goods and/or services in the market. | Commerce influences the demand for goods and/or services in the market. |
