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What is the primary difference between trade and commerce?a)Trade involves only the exchange of goods, while commerce encompasses various activities like transportation and finance.b)Commerce focuses solely on buying and selling, while trade includes financial management and legal compliance.c)Trade and commerce are interchangeable terms with no significant differences.d)Commerce is limited to the transfer of products, while trade involves a broader set of activities.Correct answer is option 'A'. Can you explain this answer? for UPPSC (UP) 2025 is part of UPPSC (UP) preparation. The Question and answers have been prepared
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What is the primary difference between trade and commerce?a)Trade involves only the exchange of goods, while commerce encompasses various activities like transportation and finance.b)Commerce focuses solely on buying and selling, while trade includes financial management and legal compliance.c)Trade and commerce are interchangeable terms with no significant differences.d)Commerce is limited to the transfer of products, while trade involves a broader set of activities.Correct answer is option 'A'. Can you explain this answer?, a detailed solution for What is the primary difference between trade and commerce?a)Trade involves only the exchange of goods, while commerce encompasses various activities like transportation and finance.b)Commerce focuses solely on buying and selling, while trade includes financial management and legal compliance.c)Trade and commerce are interchangeable terms with no significant differences.d)Commerce is limited to the transfer of products, while trade involves a broader set of activities.Correct answer is option 'A'. Can you explain this answer? has been provided alongside types of What is the primary difference between trade and commerce?a)Trade involves only the exchange of goods, while commerce encompasses various activities like transportation and finance.b)Commerce focuses solely on buying and selling, while trade includes financial management and legal compliance.c)Trade and commerce are interchangeable terms with no significant differences.d)Commerce is limited to the transfer of products, while trade involves a broader set of activities.Correct answer is option 'A'. Can you explain this answer? theory, EduRev gives you an
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