Differences between Trade and Commerce

Following are the major differences between trade and commerce:

1.

Trade is selling and buying of goods and services between two or more
parties in consideration of cash and cash equivalents. Commerce includes the
exchange of goods and services along with activities viz. banking, insurance,
advertising, transportation, warehousing etc. to complement the exchange.

2.

Trade is a narrow term that merely includes the selling and buying whereas
commerce is a wider term that includes exchange as well as the several revenue
generating activities that completes the exchange.

3.

Trade is generally done to satisfy the need of both the seller and the buyer
which is more of a social perspective. Whereas the commerce is more economic
in nature because of the involvement of several parties whose primary aim is to
generate the revenue.

4.

Trade is generally a single time transaction between the parties that may or
may not reoccur. Whereas in commerce the transactions are regular and occur
again and again.

5.

Trade involves two parties the seller and the buyer who facilitates the
exchange without employing anyone in between. Whereas in commerce exchange
is done with the support of several departments thereby giving them employment
opportunities.

6.

Trade provides a link between the seller and the buyer, the direct parties
involved in the exchange. Whereas the commerce provides a link between
manufacturer and the ultimate customer, who are not direct parties, with the
help of several aides of distribution.

7.

Trade represents both the side of demand and supply where both the
parties know what is demanded and what is to be supplied. Whereas in
commerce only the demand side is known i.e. what is demanded in the market
and then making that available through various channels of distribution.

8.

Trade requires more capital because the stock has to be kept ready that is
entitled for the sale and also the cash has to be kept ready for the immediate
payment. Whereas in commerce the capital required is less because there are
different parties involved who have to manage their resources individually
without imposing a burden on one.

Source: http://keydifferences.com/difference-between-trade-andcommerce.html#ixzz4BokfmIMy

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