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VPinatti - 5A - Vocabulary Building - differences between trade and commerce
by - (2011-10-06)
Up to 5 A - Vocabulary Building
1.Trade refers to mere exchange of goods, i.e., mere buying and selling of goods. Commerce refers not only buying and selling of goods, but also other activities, such as transport, insurance (assicurazione), warehousing (stoccaggio), banking (attività bancarie) and advertising (pubblicità), 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 (ampio) than that of trade.
4. Trade is the transaction of products through money and commerce is related with the study of transaction of money.