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Thank you for the explanation. I have always wanted to know the explanation and I think I got the right answer to itCommerce being the study of trade and aids to trade while trade is the exchange of goods and services for other goods and services or money.
They are generally the same thing. The only context that might harbor a difference is academics where commerce is a field of study and trade is buying and selling.
Thats true. Commerce and trade are commonly used together, but they have different definitions in a professional or academic context.People tend to use the terms commerce and trade together and many a times as synonyms. But when it comes to the use of terms in professional or academic context, commerce is a wider umbrella. Trade is a subunit of Commerce.
The place where I hear the term commerce the most is in academic settings. It is like a field of study that prepares one for business.Trade is simply buying and selling. Commerce is entire process of business transaction. Commerce is a wider concept and a terminology mostly used by academicians.
It is true that trade involves buying and selling of goods and services while commerce is the apex term.Commerce is about buying and selling and it's peripherals while trade is just the exchange of goods and services for money. or other things that might be used for exchange