Basis | Industry | Trade | Commerce |
Meaning | It involves manufacturing activities such as extraction, construction and production of goods. | It involves transfer or exchange of products distributed by commerce. | It involves distribution of products produced by industries. |
Capital Requirement | Requires huge amount of capital to establish industry. | Requires
less capital than industry and commerce. | Requires less amount of capital than industry but larger amount than trade to operate its activities. |
Level Of Risk | Riskier than commerce and trade. | Relatively less riskier than industry and commerce. | Less riskier than industry but involves high risk than trade. |
Side | Supply side of the product. | Both side (demand and supply) of the product. | Demand side of the product. |
Creation Of Utility | It creates form utility. | It creates processing utility. | It creates time utility and place utility. |
Place Of Operation | It is operated in workshop or factory. | It is operated in the market. | It is operated from production center to distribution center. |