What is the difference between commerce, trade and business?

Business characters are 1. Profit motive is essential in business 2. Business should have series of deal 3. Every business deals in goods and services 4. Element of risk is there in business 5. Business is done for money Commerce includes all those activities which are helpful in transferring goods from the place of production to the consumer. Manufactured goods do not reach directly from the producer to the consumer. There are many obstacles in the way of producer and consumer. Trade is an important part of commerce. All those activities are included in the trade which are helpful for the exchange of goods between the producer and consumer. The exchange of goods can be direct or indirect. Those factors which removes the obstacles in the exchange of goods are included in the scope of trade. Trade can be carried out inside or outside the country. Hope you find this information helpful.

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