What is commerce

Commerce is defined as the exchange of goods and services between two or more entities. It typically involves buying and selling things of value. Commerce can take place between businesses, between consumers, or between businesses and consumers.

What is the basic definition of commerce?

Commerce is the exchange of goods and services between businesses. Commerce is the trade of goods, services, or other things of value between companies or organizations. In a broad sense, governments try to manage trade to make their people happier and healthier by creating jobs and making useful goods and services.

What is commerce example?

What is a commerce example? The international trade between two countries can be quoted as an example of commerce. Suppose one country is abundant in a resource or its production, like oil drilling. They can sell the oil to another country that lacks the resource in exchange for money or anything of value.

What are types of commerce?

Commerce is the large-scale organized system of activities, functions, procedures and institutions directly and indirectly related to the exchange (buying and selling) of goods and services among two or more parties within local, regional, national or international economies.