Commerce

Commerce refers to the activity of buying and selling goods and services, especially on a large scale. It encompasses the entire process of exchanging goods or services for money, and it involves various activities like trade, distribution, marketing, and the financial operations that facilitate these exchanges. Commerce can take place within a country (domestic commerce) or between countries (international commerce).

It is a key component of the economy and can include:

• Retail commerce: Direct sale of goods to consumers.
• Wholesale commerce: Bulk sale of goods to other businesses for resale.
• E-commerce: Buying and selling over the internet.
• International commerce: Cross-border trade of goods and services.

Commerce involves various sectors like banking, transportation, insurance, and logistics, and it plays a crucial role in economic development and globalization.