What are the major difference b/w Commercial and Economic Activities

Monday, February 3, 2020

What are the major difference b/w Commercial and Economic Activities? 2012(R)

All those activities of men which are associated with production, consumption and exchange of consuming goods are called Economic Activities. In economic activities, human physical and intellectual efforts are used to make resources beneficial for production of wealth.

All those activities which are associated with exchange of goods, paying and receiving, buying, selling and transportation are called Commercial Activities. The major difference between Economic activities and Commercial Activities are related to the exchange of goods, paying and receiving, transportation and buying and selling with the intellectual, physical and practical human efforts.