Question

How does trade differ from commerce in terms of their scope within the economy?

Answer 1

Basis	Trade	Commerce
Scope	Trade is primarily concerned with the direct exchange of goods and services between parties. It can be divided into internal trade (within a country) and external trade (between countries).	Commerce covers the entire supply chain, including not only trade (buying and selling) but also all supporting services like transportation, warehousing, insurance, and financing that make trade possible and efficient.