Commerce

ˈkɑː.mɜːrs

Meaning & Definition

noun

The activity of buying and selling, especially on a large scale.

The commerce between the two countries has greatly increased over the past decade.

The exchange of goods and services, particularly in a market.

E-commerce has transformed the way we conduct commerce today.

The social and economic system that governs the production and distribution of goods and services.

Many people study commerce at university to understand the dynamics of the global market.

The business sector involved in the exchange of goods and services.

Local commerce is vital for the economy of small towns.

From Middle French 'commerce', from Latin 'commerciu(m)', from 'com-' and 'merx' (merchandise).

e-commerce

Commerce conducted via the internet.

commercial law

The body of law that governs business and commercial transactions.

social commerce

The use of social media platforms to facilitate commerce.

merchant

A person or company involved in wholesale trade.

consumer

A person who purchases goods and services for personal use.

retail

The sale of goods to the public in relatively small quantities.

B2B (Business to Business)

Many startups operate in the B2B commerce space.

B2C (Business to Consumer)

B2C commerce is booming with the rise of online shopping.