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industry is the place where goods are manufactured trade is the related to exchange of goods commerce is related to distribution of goods
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What is the Difference between Commerce and Trade?
Commerce refers to large scale business activity, while trade describes commercial traffic within a state or a communityTrade is the transaction of products through money and commerce is related with the study of transaction of money
What is relationship between industry and commerce?
Business is divided into two categories: industry andcommerce. Commerce is again sub-divided into trade and aids to trade. Practically all of them are closely related to each other. They are inseparable. All of them are parts of the wholebusiness system.Industry and commerce are closely related to each other. Industry cannot exist withoutcommerce and commerce cannot exist without industry. Because every producer has to find his market for his products to sell. But the producer has no direct connection with the buyers or consumers. Hence, industry needs commerce. Commerce is concerned with the sale, transfer or exchange of goods and services. Hencecommerce needs industry for the production of goods and services. Commerce makes the necessary arrangement for linking between producers and ultimate consumers. It includes all those activities that are involved in buying, selling, transporting, banking, warehousing of goods, and insurance for safeguarding the goods.Trade includes sale, transfer or exchange of goods. It does not include other functions ofcommerce like transportation, insurance, banking, warehousing, etc. If there were notrade, the producers would have to find customers for their products. Therefore withouttrade there would be little need for commerce. Similarly trade without aids to trade is meaningless and they exist for trade.In conclusion, we can say that industry, trade and commerce are inter-related with each other. Industry is concerned with production of goods and services and commercearranges its sales; but the actual operation of sales is in the hands of trade. So they cannot work independently.
Difference between business and commerce?
In brief:Business vs Commerce• Commerce and business are words with similar meaning but they also differ from one another• While business can be an entity, commerce refers to trade and trade related activities.• Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling.Read more: http://www.differencebetween.com/difference-between-commerce-and-vs-business/#ixzz1tPYEpOCK
What best describes the difference between the economies of Virginia and Massachusetts?
Virginia = stable crops and land ; Massachusetts= marine trade and commerce
Who advocated the maximum liberty in commerce trade industry and agriculture?
i just asked because i didn't know the answer .......
Who is the Minister of trade and commerce in India?
Anand Sharma is Minister of Commerce & Industry, Government of India and JYOTIRADITYA M. SCINDIA - Minister of State for Commerce & Industry
What is difference between among business trad commerce and industy?
Business ---- 1. Industry 2. Commerce 3.Profession/Service 2a) Trade 2a) Aids to Trade Home Foreign 1. Transportation Buying and Selling 2. Banking/Finance. 3.Insurance 4. Warehousing.5. Advertisement.
What is the Difference between Commerce and Trade?
Commerce refers to large scale business activity, while trade describes commercial traffic within a state or a communityTrade is the transaction of products through money and commerce is related with the study of transaction of money
Who is the current minister of commerce trade and industry in Nigeria?
Anand Sharma
What is relationship between industry and commerce?
Business is divided into two categories: industry andcommerce. Commerce is again sub-divided into trade and aids to trade. Practically all of them are closely related to each other. They are inseparable. All of them are parts of the wholebusiness system.Industry and commerce are closely related to each other. Industry cannot exist withoutcommerce and commerce cannot exist without industry. Because every producer has to find his market for his products to sell. But the producer has no direct connection with the buyers or consumers. Hence, industry needs commerce. Commerce is concerned with the sale, transfer or exchange of goods and services. Hencecommerce needs industry for the production of goods and services. Commerce makes the necessary arrangement for linking between producers and ultimate consumers. It includes all those activities that are involved in buying, selling, transporting, banking, warehousing of goods, and insurance for safeguarding the goods.Trade includes sale, transfer or exchange of goods. It does not include other functions ofcommerce like transportation, insurance, banking, warehousing, etc. If there were notrade, the producers would have to find customers for their products. Therefore withouttrade there would be little need for commerce. Similarly trade without aids to trade is meaningless and they exist for trade.In conclusion, we can say that industry, trade and commerce are inter-related with each other. Industry is concerned with production of goods and services and commercearranges its sales; but the actual operation of sales is in the hands of trade. So they cannot work independently.
Difference between business and commerce?
In brief:Business vs Commerce• Commerce and business are words with similar meaning but they also differ from one another• While business can be an entity, commerce refers to trade and trade related activities.• Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling.Read more: http://www.differencebetween.com/difference-between-commerce-and-vs-business/#ixzz1tPYEpOCK
What best describes the difference between the economies of Virginia and Massachusetts?
Virginia = stable crops and land ; Massachusetts= marine trade and commerce
Difference between commerce n trade?
1.Trade refers to mere exchange of goods,i.e., mere buying and selling of goods. but commerce refers not only buying and selling of goods, but also other activities,such as transport,insurance,warehousing, banking and advertising, which helps buying and selling of goods. 2.Trade is a branch of commerce,whereas commerce is a branch of business. 3.the scope of commerce is wider than that of trade.
What were the commercial and trade benefits that Europeans gained from Islamic commerce and industry?
Europeans gained the ability to preserve commersial vocabulary, from the Islamic commerce.
Interstate commerce is trade conducted between?
states
Who made it legal for corporations to interfere with free interstate or international trade?
registration on trade of industry and code of commerce with security of exchange commission
Who advocated the maximum liberty in commerce trade industry and agriculture?
i just asked because i didn't know the answer .......
