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What is the difference between trading and business?
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[QUOTE="Kingsley, post: 117062, member: 30278"] Trade is selling and buying of goods and services between two or more parties in consideration of cash and cash equivalents. business on the other hand includes the exchange of goods and services along with activities viz. banking, insurance, advertising, transportation, warehousing, etc. to complement the exchange. The aids to trade really plays a major role in the growth of business activities, these aids are the ones listed above to include banking, insurance, advertising, transportation, warehousing, And communication which is also vital to the growth and advancement of a business venture. In business activities trade is an integral aspect. Because there will always be something that will be used as a value of worth that will be exchanged. What's your take? [/QUOTE]
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What is the difference between trading and business?
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