Ex. 1.17. Write an essay using the following notes. 

Key Differences between Trade and Commerce

Following are the major differences between trade and commerce:

1.  Trade is selling and buying of products and services between two or more parties in the attention of cash and cash equivalents. Commerce ... .

2.  Trade have needed more capital because the stock has to be kept ready that is the subtitle to the sale, and also the cash has to be kept ready for the urgent payment. Whereas in commerce the capital needed is less ....

3.  Trade represents .... Although in commerce only the demand side is common, i.e., what is demanded in the trade and then making that available through various channels of distribution.

4.  Trade provides ..., the commerce provides a link between the producer and the final customer, who are not linear parties, with the help of several advisers of distribution.

5.  The trade requires two parties the seller and the buyer who ease the exchange without employing anyone in between. On the other hand, in commerce ... .

6.  Trade is generally a single time agreement between the parties that may or may not revert. Whereas in commerce, ... .

7.  Trade is ..., whereas the commerce is more economical because of the involvement of several parties whose primary objective is to generate the revenue.

8.  Trade is ..., whereas commerce is an expanded term that includes exchange as well as the several revenues generating activities that complete the exchange.

Therefore, it can be inferred that trade is .... Thus, we can say commerce is ... .