What is difference between business and commerce ?

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Business and Commerce are word with similar meaning, but they also differ from one another . Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling. Business can be an entity , commerce refers to trade and trade- related activities .

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I would start with commerce . commerce is an
activity that every Business has to perform. commerce means buying and selling of the goods on a large scale in short.
Business:
A business is an organisation where people work togethers . in a business people work to make and sell products or services.

Answer

Business vs Commerce

• Commerce and business are words with similar meaning but they also differ from one another

• While business can be an entity, commerce refers to trade and trade related activities.

• Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling.

Answer

Business refers to that economic activity which is conducted on regular basis to earn profit through the production and sale of goods and services.

Whereas, Commerce refers to the sum total of all those activities which are engaged in the removal of hindrance of Person,Place,Time,Risk,Finance and information in the exchange of commodities.

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Business and commerce are word with similar meaning, but they also differ from one another.
:) commerce focus on buying and selling part of
business whereas there is much more to a
business then just buying and selling.

:) commerce is an abstract idea, while business
is more physical inthe sense that it can be
owned by person. one cannot say that he/she
owns a commerce but can say that he/she owns
a business.
business can be an entity, commerce refers to
trade and trade-related activities.

:). A business hold many activities such as planning,
advertising, buying, selling,marketing,accounting
and supervising, manufacturing etc.
whereas commerce,which mainly focuses on
buying and selling and activities related to
direct buying and selling.for that, commerce
is a subset of business.

Answer

Introduction:
Business and commerce are terms that are often used interchangeably. While they are closely related, there are distinct differences between the two. Understanding these differences is crucial for grasping the nuances of these concepts.

Differences between Business and Commerce:

1. Definition:
- Business: Business refers to the broad field that encompasses all activities involved in the production, distribution, and sale of goods and services to satisfy the needs and wants of consumers.
- Commerce: Commerce, on the other hand, specifically focuses on the buying and selling of goods and services, including all activities related to trade, such as transportation, banking, insurance, and advertising.

2. Scope:
- Business: Business has a wider scope as it includes not only commerce but also various other aspects like management, finance, marketing, human resources, and operations.
- Commerce: Commerce has a narrower scope as it primarily deals with the exchange of goods and services.

3. Nature:
- Business: Business involves the production or procurement of goods and services, as well as the management of resources and operations to generate profits.
- Commerce: Commerce revolves around the buying and selling of goods and services, facilitating trade between producers and consumers.

4. Function:
- Business: The main function of business is to create value by fulfilling the needs and desires of customers through the production and distribution of goods and services.
- Commerce: Commerce facilitates the exchange of goods and services by providing a platform for buyers and sellers to interact, ensuring smooth transactions and trade.

5. Components:
- Business: Business comprises various components, such as production, marketing, finance, human resources, and operations, which work together to achieve organizational goals.
- Commerce: Commerce includes components like trade, transportation, banking, insurance, warehousing, and advertising that support and facilitate business activities.

Conclusion:
In conclusion, while business and commerce are interconnected, they have distinct differences. Business encompasses a broader range of activities involved in the production and distribution of goods and services, while commerce specifically focuses on the buying and selling aspect. Business is a comprehensive concept that includes commerce as one of its components. Understanding these differences is essential for individuals seeking to pursue careers or engage in activities related to business or commerce.

Answer

Commerce is a section or field of activities related to resource management and supply of resource to society.

Business is an economic activity that undergoes commerce. It implements commerce.

Thus commerce gives birth to business, profession and employment.

Meanwhile if we are discussing about resources then -

Science is a section or field of activities related to discovering, inventing and modifying resources (also information) in the void.

And Arts is a section or field of activities related to representing, restructuring and remodeling resources.

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Commerce: Commerce is the field of studies that deals with business and its operations.
But,
Business: Business is an economic activity which is carried on for profit earning. Business is done for survival,growth and continuity.

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Business is an economic activity in which people regularly engage in purchase and sales of goods and services with a primary motive to earn profit.
Commerce is a type of business activity which includes all the activities related to trade (buying and selling goods) and it's auxiliaries like communication, banking etc.
-Vrinda

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Short answer

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7676860451msg in number

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Buisness and commerce are same. commerce teaches us how to do buisness

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