What is commerce: Commerce is the exchange of goods

Commerce is the exchange of goods or services for money or something of value. Learn about the different types of commerce , such as retail, wholesale, e- commerce , and international commerce , and their importance in the economy. What is commerce ? Commerce is essential to the global economy. It encompasses everything related to the buying and selling of goods and services at both the wholesale and retail levels. Key takeaways Commerce involves the exchange of goods and services, often for a profit There are two branches of commerce – trade, and aids to trade Trade can be either internal (within a country’s borders) or external (between countries) Aids to trade include transport, warehousing, distribution ... Commerce is a process of exchanging goods and services. It includes all the activities which are directly or indirectly involves the exchanges. Commerce is a branch of business. Commerce includes the distribution process of the products from manufactures to the consumers. According to James Stephenson, “ Commerce is an organized system for the exchange of goods between the members of the industrial world.” According to Wikipedia, “ Commerce relates to “the exchange of goods and ... Commerce is the organized set up of exchange of products, services or something of value, among economic agents. It covers trade and auxiliaries to trade, which facilitate the free flow of goods and services.