Commerce
Commerce
Commerce (/kɒmɝs/ from Latin commercium, "trade, trafficking") is the exchange of goods and services, especially on a large scale. It includes legal, economic, political, social, cultural and technological systems that operate in a country or in international trade.
Etymology
The term commerce is derived from the Latin word commercium, which means "trade, trafficking". The word is composed of com ("with, together") and mercium ("merchandise").
Related Terms
- Trade: The basic activity of commerce. It involves the buying and selling of goods and services between parties.
- Economics: The social science that studies the production, distribution, and consumption of goods and services. Commerce is a major part of economics.
- Business: An organization or economic system where goods and services are exchanged for one another or for money. Commerce is a key aspect of business.
- Marketing: The action or business of promoting and selling products or services. It is a component of commerce.
- Retail: The sale of goods to the public in relatively small quantities for use or consumption rather than for resale. It is a form of commerce.
- Wholesale: The sale of goods in large quantities to be retailed by others. It is another form of commerce.
See Also
External links
- Medical encyclopedia article on Commerce
- Wikipedia's article - Commerce
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