Difference Wiki

Industry vs. Commerce

The main difference between Industry and Commerce is that the Industry is circularly or all over the manufacture of products and Commerce emphases on its delivery of products and services.

Key Differences

The industry comprises the exchange of means into worthwhile products, conversely commerce which comprises activities that are necessary for facilitating or assisting the purchasing and sales of products.
The industry consists of great risk or danger compared with commerce.
The industry defined as an economic or fiscal activity apprehensive with obtaining and giving out of raw constituents into ended products or goods that influence the consumer. Whereas commerce defined as a commercial activity or doings in which conversation for products and services for remuneration or value completed on a mass scale.
The industry is a sign or indicator of the making part of commercial deeds. Contrary to commerce, which looks after the making goods available to the customers,i.e., the distribution part.
Janet White
Oct 16, 2019
Enormous capital investment is needed to start an industry. On the other end, commerce needs relatively a smaller amount of investment outlays or capital costs.

Comparison Chart

.

The industry is a fiscal doings intricate with obtaining and processing or dealing out of raw ingredients into finished or completed goods that reach the purchaser.
Commerce is a commercial or trade doings in which interchange for products and services for worth done on a wide scale.
ADVERTISEMENT

Involves

The transition of resources and assets into beneficial products.
Actions or affairs important for simplifying the purchasing and selling of products.

Risk

High
Comparatively low

Capital Required

High
Comparatively low
Janet White
Oct 16, 2019

Represent

It represents the production part of business or trade activities.
It represents the distribution of supplies part of trade activities.
Janet White
Oct 16, 2019

Industry and Commerce Definitions

Industry

The sector of an economy made up of manufacturing enterprises
Government regulation of industry.

Commerce

The buying and selling of goods, especially on a large scale, as between cities or nations.
ADVERTISEMENT

Industry

A sector of an economy
The advertising industry.

Commerce

Intellectual exchange or social interaction.

Industry

Energetic devotion to a task or an endeavor; diligence
Demonstrated great intelligence and industry as a prosecutor.

Commerce

Sexual intercourse.

Industry

Ongoing work or study associated with a specified subject or figure
The Civil War industry.
The Hemingway industry.

Commerce

(business) The exchange or buying and selling of commodities; especially the exchange of merchandise, on a large scale, between different places or communities; extended trade or traffic.
ADVERTISEMENT

Industry

A collection of artifacts or tools made from a specified material
A Mesolithic bone industry.

Commerce

Social intercourse; the dealings of one person or class in society with another; familiarity.

Industry

A standardized tradition of toolmaking associated with a specified tool or culture
A stone hand-axe industry.
The Acheulian industry.

Commerce

(obsolete) Sexual intercourse.

Industry

(Obsolete) Cleverness or skill.

Commerce

An 18th-century French card game in which the cards are subject to exchange, barter, or trade.

Industry

(uncountable) The tendency to work persistently. Diligence.
Over the years, their industry and business sense made them wealthy.

Commerce

To carry on trade; to traffic.

Industry

Businesses of the same type, considered as a whole. Trade.
The software and tourism industries continue to grow, while the steel industry remains troubled.
The steel industry has long used blast furnaces to smelt iron.

Commerce

To hold conversation; to communicate.

Industry

Businesses that produce goods as opposed to services.

Commerce

The exchange or buying and selling of commodities; esp. the exchange of merchandise, on a large scale, between different places or communities; extended trade or traffic.
The public becomes powerful in proportion to the opulence and extensive commerce of private men.

Industry

The sector of the economy consisting of large-scale enterprises.
There used to be a lot of industry around here, but now the economy depends on tourism.

Commerce

Social intercourse; the dealings of one person or class in society with another; familiarity.
Fifteen years of thought, observation, and commerce with the world had made him [Bunyan] wiser.

Industry

Automated production of material goods.

Commerce

Sexual intercourse.

Industry

(archaeology) A typological classification of stone tools, associated with a technocomplex.

Commerce

A round game at cards, in which the cards are subject to exchange, barter, or trade.

Industry

Habitual diligence in any employment or pursuit, either bodily or mental; steady attention to business; assiduity; - opposed to sloth and idleness; as, industry pays debts, while idleness or despair will increase them.
We are more industrious than our forefathers, because in the present times the funds destined for the maintenance of industry are much greater in proportion to those which are likely to be employed in the maintenance of idleness, than they were two or three centuries ago.

Commerce

To carry on trade; to traffic.
Beware you commerce not with bankrupts.

Industry

Any department or branch of art, occupation, or business; especially, one which employs much labor and capital and is a distinct branch of trade; as, the sugar industry; the iron industry; the cotton industry.

Commerce

To hold intercourse; to commune.
Commercing with himself.
Musicians . . . taught the people in angelic harmonies to commerce with heaven.

Industry

Human exertion of any kind employed for the creation of value, and regarded by some as a species of capital or wealth; labor.

Commerce

Transactions (sales and purchases) having the objective of supplying commodities (goods and services)

Industry

The people or companies engaged in a particular kind of commercial enterprise;
Each industry has its own trade publications

Commerce

The United States federal department that promotes and administers domestic and foreign trade (including management of the census and the patent office); created in 1913

Industry

The organized action of making of goods and services for sale;
American industry is making increased use of computers to control production

Commerce

Social exchange, especially of opinions, attitudes, etc.

Industry

Persevering determination to perform a task;
His diligence won him quick promotions
Frugality and industry are still regarded as virtues

Industry vs. Commerce

The industry is concerned with raising producing processing or fabrication of goods and services, whereas Commerce comprises of all those activities which are concerned with the distribution of goods and services so they may reach the consumers with a minimum of inconvenience. The origin and development of the industry is a result of international economic competition; on the other hand, the origin and development of commerce are the results of the continuous development of trade and industries.

Industry includes ‘Trade’ and ‘Aids to Trade,’ and commerce includes ‘Trade’ and ‘Aids to Trade.’ A large sum of capital is required for the establishment of an industry on the other side in commerce; the amount of capital required is comparatively less. The higher risk is there in the industry, whereas the risk is comparatively less in commerce.

What is Industry?

The industry is a subdivision of a business or trade. The industry is apprehensive about the manufacture of products and the manufacture of products. All of the doings which make the products or transform the raw or starting material into end products or mean products comprised in the industry. To make farming products and mining is also comprised in the industry.

Either way, the word industry relays to that censure of business or economy activity, which focused on the abstraction, manufacture, or making of products. The word ‘industry’ is utilized to specify those doings or activities which contain the usage of motorized devices or appliances and mechanical skills or services, i.e., doings with the production, manufacturing, and processing of products. It advocates the level of supply of the marketplace.

Activities Covered Under Industry

  • Descent of materials such as coal, petroleum, etc.
  • Change of raw provisions into suitable products such as soaps, cement, fans, etc.
  • Manufacture or construction of dams, buildings, road and rail networks, etc.

Types

  • Primary Industry: It may refer to agriculture and forestry.
  • Extraction Industry: It includes mining and fishing.
  • Manufacturing Industry: It includes the changing of raw material into a more useful form.
  • Constructive Industry: The construction of buildings, dams, and roads includes in this industry.

What is Commerce?

Commerce includes all those activities which help transfer goods from the place of production to the consumer. As an example, purchase, sale, transportation’s, banking, insurance, storage, and advertisement are the activities which come within the scope of commerce. Manufactured goods do not reach directly from the producer to the consumer. e.g., wholesaler purchases the goods from the producer and uses the transportation to shift these to his store. He also hires the services of banks and insurance companies. Then he sells the goods to the retailer.

A consumer purchases the goods from the retailer. So there are many obstructions in the way of producer and consumer. All the monetary deeds or activities which are in a certain form or the other related to interchange come under business or commerce. It covers the distribution aspect of the business, i.e., it facilitates the consumption process by providing a proper distribution channel. Hence, it guarantees the accessibility of products and facilities or services to the consumers in time and space or place.

Classification

  • Trade: The way of purchasing and vending or selling of products and services for cash.
  • Auxiliaries to Trade: All the actions which support trade in a straight line or indirectly are aids or auxiliaries to trade. It contains warehousing or storage, transportation, banking & finance, marketing, insurance, and other things.

Trending Comparisons

New Comparisons