Industry, commerce and trade are closely related to each other.
Industry produces goods which are distributed through commerce. No commercial activity is possible in the absence of industry. At the same time, industrial production is meaningless without the distribution of goods through commence. If industry is the backbone of commerce, commerce serves as the lifeline of industry.
Trade provides the necessary support to industry and maintains a smooth flow of commerce.
Thus, there is a high degree of interdependence between industry, commerce and trade.