Question
Distinguish between commerce and industry.
Answer :
Word Count : 533
Commerce and industry are two distinct sectors of the economy that play different roles in the production and distribution of goods and services.
| Aspect | Commerce | Industry |
|---|---|---|
| Definition | Commerce refers to the exchange, trade, | Industry involves the production or |
| and distribution of goods and services | manufacturing of goods and services on a | |
| through various channels, such as retail, | larger scale, typically involving | |
| wholesale, and e-commerce. | machinery and technology. | |
| Nature of Activity | ______ ____ ____ ___ _________ ____ ________ __________ ____.