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Commerce

Exchange of goods, services, and resources.

trade business

Commerce refers to the exchange of goods, services, and resources between businesses, organizations, and individuals. It encompasses activities related to buying, selling, trading, and distributing products or services within a market economy.

Pronunciation

/ˈkɒmɜːs/

Etymology

From Old French comerce, from Latin commercium meaning 'trade, bargain', from com- (together) + merx (goods, merchandise).

Explain Like I’m 5

Commerce is when people buy and sell things like toys, food, or services to get what they need.

Fun Facts

The word 'commerce' comes from the Latin word 'commercium', meaning trade or exchange
Bartering was a common form of commerce before the invention of money
The Silk Road facilitated extensive trade between East and West

FAQ

What is commerce? It's the exchange of goods and services
Who participates in commerce? Businesses, individuals, and governments
How has commerce changed? It's evolved from bartering to using money and online platforms

Synonyms — Similar or Related Terms

trade business exchange

Hypernyms — Broader Categories

economy market

Hyponyms — Specific Examples

retail wholesale e-commerce

Meronyms — Parts or Components

transactions sales purchases

Holonyms — Wholes or Groups

market economy

Indexes

commercial exchange economic activity

Related

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