Question

Explain the difference between trade and commerce.

Answer 1

Points of difference	Trade	Commerce
Meaning	It is exchange of goods or service in return of money	Commerce includes trade and auxiliary services that help to trade
Scope	Scope of trade is limited	Scope of commerce is wider. Also, commerce includes trade
Parties	Generally, both the parties know each other and reside in near vicinity.	Both the parties may be at a very large distance and may not even know each other, still they can obtain auxiliary services.