Question

What is the key difference between industry and commerce?

पर्याय

• Industry trades goods while commerce manufactures them.

• Industry produces goods and services; commerce distributes them.

• Both perform identical functions.

• Industry is less important than commerce.

Answer 1

Industry produces goods and services; commerce distributes them.

Explanation:

Industry focuses on the production of goods and services, while commerce ensures their distribution to consumers through trade and auxiliary services.