Differences between Trade and Commerce:
1. Meaning: Purchase and sale of goods and services for profit is called trade. Commerce is related with the trade and its auxiliary activities.
2. Objective: Trade aims at exchange of goods and services. The objective of commerce is to remove obstacle from the ways of exchange of goods and services.
3. Scope: The scope of trade is limited whereas the scope of commerce is wide.
4. Creation of utility: In case of trade authority utility is created whereas in case commerce, Time, place and authority utilities are created.
5. Interdependence: The basis of trade is industry and the basis of commerce is trade.