Business and Commerce.
|1. Meaning: It is an economic activity engaged in production and distribution of goods and services.||Commerce takes Care of the distribution of goods and services.|
|2. Concept: Business is a wider term than business.||Commerce is a narrower term than business.|
|3. Part of: Business is a part of economic activity.||Commerce is a part of the business.|
|4. Skill: Industries require more technical, managerial and marketing skills.||Commerce mainly requires managerial and marketing skills.|
|5. Classifications: Business is classified into two parts industry and commerce.||Commerce is divided into two parts trade and auxiliaries to trade.|
|6. Capital: It requires large capital.||It requires limited capital.|
|7. Investment: Heavy investment is required.||Less investment is required.|
Concept: Introduction of Commerce and Business
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