Resources » Articles/Knowledge Sharing » Education

Comparison between Industry,Commerce and Trade


Last Updated:   Category: Education    
Author: Member Level: Gold    Points: 10


This resource contain the difference between Industry,commerce and trade.



Industry,Commerce and Trade are related with each other.
Comparison between Industry,Trade and Commerce :

1)MEANING: Industry- Extraction,reproduction,conversion,processing and
construction of useful products.
Commerce- Activities involving distribution of goods and services.
Trade - Purchase and sale of goods and services.


2)SCOPE: Industry- Consists of all activities involving conversion of materials
and semi-finished products into finished products.
Commerce- Comprises trade and auxiliaries to trade.
Trade - Comprises exchange of goods and services.


3)CAPITAL: Industry- Generally large amount of capital is required.
Commerce- Need for capital is comparatively less.
Trade - Capital is needed to maintain stock and grant credit.


4)RISK : Industry- Risk involved is usually high.
Commerce- Relatively less risk is involved.
Trade - Relatively less risk is involved.


5)SIDE : Industry-It represents supply side of goods and services.
Commerce-It represents demand side of goods and services.
Trade -It represents both supply and demand.


Did you like this resource? Share it with your friends and show your love!




Responses to "Comparison between Industry,Commerce and Trade"
Feedbacks      

Post Comment:




  • Do not include your name, "with regards" etc in the comment. Write detailed comment, relevant to the topic.
  • No HTML formatting and links to other web sites are allowed.
  • This is a strictly moderated site. Absolutely no spam allowed.
  • Name:   Sign In to fill automatically.
    Email: (Will not be published, but required to validate comment)



    Type the numbers and letters shown on the left.


    Submit Article     Return to Article Index

    Awards & Gifts
    Active Members
    TodayLast 7 Daysmore...

    Online Members

    dragon
    More...
    ISC Technologies, Kochi - India. Copyright © All Rights Reserved.