Commerce is a division of trade or production which deals with the exchange of goods and services from producer to final consumer OR commerce is the exchange of goods and services from the point of production to the point of consumption to satisfy human wants. It comprises the trading of something of economic value such as goods, services, information, or money between two or more entities. Commerce functions as the central mechanism which drives capitalism and certain other economic systems (but compare command economy, for example). Commercialization or commercialisation consists of the process of transforming something into a product, service or activity which one may then use in commerce. Commerce involves trade and aids to trade which help in the exchange of goods and services.
Word usageCommerce primarily expresses the fairly abstract notions of buying and selling, whereas trade may refer to the exchange of a specific class of goods ("the sugar trade", for example), or to a specific act of exchange (as in "a trade on the stock-exchange").
Business can refer to an organization set up for the purpose of engaging in manufacturing or exchange, as well as serving as a loose synonym of the abstract collective "commerce and industry".
History Cherry peddler in Bucharest, around 1869.Some commentators trace the origins of commerce to the very start of communication in prehistoric times. Apart from traditional self-sufficiency, trading became a principal facility of prehistoric people, who bartered what they had for goods and services from each other. Historian Peter Watson dates the history of long-distance commerce from circa 150,000 years ago. 1
In historic times, the introduction of currency as a standardized money facilitated a wider exchange of goods and services. Numismatists have collections of these monies, which include coins from some Ancient World large-scale societies, although initial usage involved unmarked lumps of precious metal. 2 The circulation of a standardized currency provides the major disadvantage to commerce of overcoming the "double coincidence of wants" necessary for barter trades to occur. For example, if a man who makes pots for a living needs a new house, he may wish to hire someone to build it for him. But he cannot make an equivalent number of pots to equal this service done for him, because even if the builder could build the house, the builder might not want the pots. Currency solved this problem by allowing a society as a whole to assign values and thus to collect goods and services effectively and to store them for later use, or to split them among several providers.
Today[update] commerce includes a complex system of companies that try to maximize their profits by offering products and services to the market (which consists both of individuals and other companies) at the lowest production-cost. There exists a system of International trade, which some argue has gone too far. But in the recent times commerce has taken shape to help in the development of the world economy.
See also Business and economics portal Advertising Agriculture Business Capitalism Commercial law Distribution (business) Wholesale Cargo Wholesale Eco commerce Economy Electronic commerce Fair Finance Fishery Harvest Retailing Industry Laissez-faire Manufacturing Marketing Marketplace Mass production Merchandising Trade References ^ Watson, Peter (2005). Ideas : A History of Thought and Invention from Fire to Freud. HarperCollins. ISBN 0-06-621064-X. Introduction. ^ Gold served especially commonly as a form of early money, as described in "Origins of Money and of Banking" Davies, Glyn (2002). Ideas : A history of money from ancient times to the present day. University of Wales Press. ISBN 0-7083-1717-0. Categories [[Portal::Business and economics/Categories|:Business and economics/Categories portal]]Commerce.gov is the official website of the United States Department of Commmerce and Seceretary of Commerce Gary Locke.
www.commerce.gov
Seeking to put at rest the controversies and blown up apprehensions about the export of spurious drugs from India, the Commerce Ministry is planning to make the barcode technology compulsory for all exports of pharmaceutical products from the country.
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Ashe County Chamber of Commerce, North Carolina
Business Law: The Ethical, Global, and E-Commerce Environment McGraw-Hill/Irwin
Commerce The buying and selling of goods, especially on a large scale. Investopedia Says : Commerce is done between businesses, individuals,
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Greater Lafayette Commerce's 2010 midyear economic trends report, released Monday, reflects a local economy that's growing, officials with the business group said.
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E-Commerce 2010 (6th Edition) Prentice Hall
e-commerce n. Commerce that is transacted electronically, as over the Internet.
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Phoenix - Tucson-based Commerce Bank of Arizona, the largest independent bank in Southern Arizona, announced today that the bank has hired John S. Lewis as Executive Vice President to manage Commerce Bank’s expansion plans and customer relationships in Maricopa County.
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The Ecology of Commerce: A Declaration of Sustainability HarperBusiness
Design and develop electronic commerce catalogs for distribution over the Internet.
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The Commerce High School softball team is building another outstanding season.
Commerce
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Essentials of Business and Online Commerce Law: Student Study Guide Prentice Hall
One of the first and most prominent e-commerce players, iconic eBay has left a huge ... by the country's Ministry of Commerce (MOFCOM) on August 30. Online shopping trading ...
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LAKEPORT, Calif. –The Lake County Chamber of Commerce is asking for help from its members and the residents of Lake County. A visitor asks or says, “What should I do or see if I only have one hour to spend in Lake County?”
Grande réunion de tous les commerçants de l agglomération drouaise le 25 février 2009 à 19h Près de 500 invitations viennent tout juste d être adressées à tous les commerces de l agglomération drouaise répartis sur les 19 communes de Dreux Agglomération Ex CAdD Nicolas
Executive Stretch 07.09.10
Legal Environment of Business and Online Commerce, The (6th Edition) Prentice Hall
Translations of commerce. commerce synonyms, commerce antonyms. Information about commerce in the free online English dictionary and encyclopedia. ...
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Unhappy with the new DTC bill, the commerce department will propose a fresh set of rules for taxing special economic zones, a move that will cheer investors worried over a sharp drop in tax benefits in the new regime.
Galerie photo Le 4 février 2009 par Benoît Labourdette
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Study Guide for Contemporary Business and Online Commerce Law Prentice Hall
Welcome to Commerce Bank, a diversified financial services provider for business and personal banking, wealth management and estate planning, ...
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Puducherry, Sep 8 : Members of the Puducherry Chamber of Commerce will observe a half day 'harthal' on September 13 to press their demands.
serene At the left is a mother clasping her baby indicating that it is for the protection of the family that law exists On the other side is a felon crouching in chains Commerce the central figure of the other group holds a model of a ship in one hand Her other arm rests on a globe representing the world At her right is Electricity holding a magnet
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Electronic Commerce 2010 (6th Edition) Prentice Hall
GREENCASTLE -- The Greencastle-Antrim Chamber of Commerce will host its annual banquet on Sept. 23 at Green Grove Gardens, 1032 Buchanan Trail East.
Blue Ribbon Bakery West Village Manhattan Commerce Street from Bedford Street West Village Manhattan
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E-Commerce 2009 (5th Edition) Prentice Hall
Citing economic struggles and the development of new business technologies, The Colony Chamber of Commerce board of directors has made the decision to downsize the organization in order to both boost business and create a stronger chamber.
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Internet Marketing and e-Commerce South-Western College Pub
The Randolph Chamber of Commerce will provide shredding of documents with sensitive information on Oct. 2.
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