Definition of Commerce?
TobilobaAngelina
1 Jun, 2022
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Commerce can be defined as the activity of buying and selling goods and services between businesses or individuals. It includes things like trading, selling, advertising, and transportation. Commerce is an important part of the economy, as it helps to promote economic growth and development. In order for commerce to take place, there must be a market where goods and services can be exchanged. The market can be physical, like a store or a marketplace, or it can be online. In either case, commerce involves the exchange of money for goods and services.
Commerce can be defined as all the activities involved in the exchange and distribution of goods and services.
Reference: Essential Commerce textbook