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Distinguish between: Industry and Commerce. - Organisation of Commerce and Management

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प्रश्न

Distinguish between:

Industry and Commerce.

अंतर स्पष्ट करें

उत्तर

Industry Commerce
1. Meaning: Industry is engaged in the production of goods and services. Commerce looks after the distribution of goods and services.
2. Location: Industries are located in the industrial belts which are usually away from residential areas. Infect there is no particular location of commerce. It gives its services at any location.
3. Utility: Industries create form utility. Commerce creates a place, time, and possession utility.
4. Resources: Industries require mainly machinery, materials, and manpower for production. Commerce mainly works with the help of materials and manpower for production manpower.
5. Capital Industries require huge capital. It mainly depends upon the size of the industry. Activities of commerce comparatively require less capital.
6. Conducted by: Manufacturers. Traders or mercantile agents.
7. Classification: Industries are divided into Primary, secondary and tertiary types. Commerce is divided into trade and auxiliaries to trade.
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Classification of Business Activities
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अध्याय 1: Introduction of Commerce and Business - EXERCISE [पृष्ठ १९]

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बालभारती Organisation of Commerce and Management (OCM) [English] 11 Standard Maharashtra State Board
अध्याय 1 Introduction of Commerce and Business
EXERCISE | Q 4. 1) | पृष्ठ १९
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