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What is the difference blw. Commerce and aids to trade |
| Answer» \tTradeCommerce DefinitionTrade is referred to as a basic economic activity that involves buying and selling of different goods and services between two or more parties involved in the transaction.Commerce involves all the activities that aid in promoting the exchange of goods and services from the manufacturer to the last customers. Primarily, the activities are banking, transportation, advertising, warehousing, insurance, etc.ReachNarrowWider reachPurposeSatisfying the social perspective of seller and buyerTo look for generation of revenueConnectsBuyer and sellerManufacturer and end userRequirement of CapitalTrade requires more capitalCommerce has less capital requirement\t | |