Principles Of Commerce Solved Guess paper 2021 Q) Define commerce/ business , Trade , Profession and industry . Commerce/Business Definitions: According to STRAUB and ATTNER “A business is an organization engaged in producing goods and services to make a profit” According to THOMAS EVELYN “A business embraces all those functions involved in making, buying and transportation of goods” Trade Definition: Trade refers to the exchange of goods only. It involves buying and selling. Classification: Trade is a bran...