Question

How do commerce and trade differ?

Options

• Commerce is buying and selling; trade is all activities making trade possible.

• Commerce is all activities making trade possible; trade is buying and selling only.

• They are exactly the same.

• Commerce only involves money; trade only involves barter.

Answer 1

Commerce is all activities making trade possible; trade is buying and selling only.

Explanation:

Commerce includes all activities making trade possible, while trade refers to buying and selling only.