What is the difference between commerce and trade

[Stardom22]

Commerce 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.

 

[Bisolami]

Commerce 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.

Thank you for the explanation. I have always wanted to know the explanation and I think I got the right answer to it

 

[Reedex]

Trade has to do with buying and selling while commerce has to do with the activities that is going on in the market.

 

[Niyi Briggs]

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.

 

[arunima]

Trade comes under Commerce. Commerce is actually all the process that is involved for a good to start from the producer and to reach to the last consumer. All the transactions that take place between buyers and sellers is actually a trade.

 

[Heatman]

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.

Some people will actually argue that commerce is even broader in its general set up done when it is compared to the act of trading which is just about buying and selling of goods and services.

 

[arunima]

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.

 

[jetsaints30]

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.

Thats true. Commerce and trade are commonly used together, but they have different definitions in a professional or academic context.

 

[eldavis]

Trade simple means the buying and selling of goods and services to make profit, while commerce on the other hand i believe it is a chain of activities put together to create trade.

 

[SHAHID987]

Here you cleared both things very simply what I understand as Commerce is the study of trade and trade is its practical implementation by buying and selling the products.

 

[IB D]

I might say that trade is simply exchange. Commerce is trade at a wider level. When you are offering trade to a lot of people z you are doing commerce.

 

[Magnus2022]

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.

 

[IB D]

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.

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.

 

[Etini Willie]

Commerce comes from the word commercial which means to sell. Trade simply has to do with exchange while commerce has to do with exchange for money. If you give someone a shoe to get a bag, that is trade. When you give someone a bag and get money, that is commerce.

 

[Chibson]

Trade and commerce are very much related but come and see his broader. I think commerce involves the study of buying and selling which is actually trade

 

[Yohanna]

Commerce encompasses trading and some other things but trading is strictly buying and selling of items and keeping the profit.

 

[Chibson]

I think the major difference is that covers his broader than trading. in Trading you are directly buying and selling and you will either make loss or you make profit.

 

[Niyi Briggs]

Commerce covers all processes that facilitate trade. It would delve into transportation of goods and services, distribution, warehousing and packaging. Trade is just exchange.

 

[cherry123]

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

 

[Yohanna]

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

It is true that trade involves buying and selling of goods and services while commerce is the apex term.