Commerce and Trade are complementary to each other and complete the process of the supplier, manufacturer in selling (trade) and distributing the sold items.
Trade
In trade, the ownership of goods or services is transferred from one person to the another in consideration of cash or cash equivalents. Trade can be done between two parties or more than two parties. When the buying and selling take place between two persons, it is called bilateral trade whereas when it is done between more than two persons, then it is called multilateral trade.
Commerce
Commerce includes all the activities that help in facilitating the exchange of goods and services from the manufacturer or the producer to the ultimate consumers. Majorly the activities are transportation, banking, insurance, advertising, warehousing, etc. that act as an aide in the successful completion of the exchange.
Industry, Commerce & Trade Categories
Commerce & Trade Business Offers
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