| Business | Commerce |
| (1) Meaning | It is an economic activity engaged in production and distribution of goods and services. | Commerce takes care of distribution of goods and services. |
| (2) Concept | Business is a wider term than business. | Commerce is a narrower term than business. |
| (3) Part of | Business is a part of economic activity. | Commerce is a part of business. |
| (4) Skill | Industries require more of technical, managerial and marketing skills. | Commerce mainly require managerial and marketing skills. |
| (5) Classification | Business is classified into two parts industry and commerce. | Commerce is divided into two parts trade and auxiliaries to trade. |
| (6) Capital | It requires large capital. | It requires limited capital. |
| (7) Investment | Heavy investment is required. | Less investment is required. |
