Differentiate Between Commerce And Business

DIFFERENTIATE BETWEEN COMMERCE AND BUSINESS: 
Business and commerce though two different words have identical meaning and concept and can be used alternatively. Americans prefer to use the term business. While britishers like to employ the word commerce, but in the same meaning.

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There are some other businesses terms also which are differently used by both the nations in the same context.



BRITISHERS

Company 
Debenture 
Limited 
Shareholder

AMERICANS

Corporation 
Bond 
Incorporated 
Stockholder


For example. Some authors define commerce as follows: Commerce is concerned with the exchange of goods. It includes all those activities which are related to the transfer of goods from the place of production to the ultimate consumers.


It is clear from the above definition that it can only be applied to the definition of marketing.

As for profit, every adopted to earn livelihood entails profit. In short, business or commerce is the sum of the following activities. 1. Manufacturing activities 2. Marketing (exchange, distributions, finance etc)  Hence, in this book business and commence are used in the same sense, as is the fact.

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