Commerce

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Commerce is a division of trade or production which deals with the exchange of goods and services from producer to final consumer. It comprises the trade of something of Value (economics) such as good (accounting), 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.

Word-usage Commerce primarily expresses the fairly abstract notion 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 on the other hand, can reference 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". Compare retailing.

History , around 1869.Some commentators trace the origins of commerce to the very start of communication in prehistoric times. Apart from traditional self-sufficiency, Trade became a principal facility of prehistoric people, who barter (economics) what they had for goods and services from each other. Peter Watson (business writer), the historian, dates the History of international trade from circa 150,000 years ago. Introduction.

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.Gold served especially commonly as a form of early money, as described in "Origins of Money and of Banking" The circulation of a standardized currency provides the major advantage to commerce of overcoming the "double coincidence of wants" necessary for barter (economics) 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.

As of 2007 commerce includes a complex system of corporation that try to maximize their profits by offering product (business)s and services to the market (which consists both of individuals and other companies) at the lowest Production, costs, and pricing. There exists a system of world-wide or foreign commerce, which some argue has gone too far (see main: Free trade).

See also: Foreign commerce

See also

Advertisement
Agriculture
Business
Capitalism
Commercial law
Distribution (marketing)

Wholesaler

Finance
Harvesting

Retailer

Industry
Economics
Electronic commerce
Fair
Fishery
Laissez-faire
Manufacturer
Manufacturing
Marketing
Marketplace
Mass production
Merchandising
Portal:Business and Economics

References

Welcome to the Department of Commerce
This portal site in an ezine format gives access and information to the programs, services, and personnel of this cabinet-level, government department.

Commerce.co.uk - Marketing - PR - Publishing - Web Design - Mobile ...
Commerce.co.uk - Business Directories, Website Design, Job Search, Press Centre, Up and Coming Events, Mobile Media, Finance Solutions, Free Business Listings, Free To Post Jobs ...

Commerce - Wikipedia, the free encyclopedia
Commerce is a division of trade or production which deals with the exchange of goods and services from producer to final consumer. It comprises the trading of something of economic ...

Weather Commerce Ltd
SUBSCRIBER SERVICES and WEATHER RELATED PRODUCTS. Subscribers can buy long-range forecasts online. Types of forecast available can be seen on our forecasting ...

EAI, B2B Electronic Commerce - EDI and Collaboration Solutions
Commerce-Connections delivers Software, Services and Solutions for Electronic Commerce, EDI and Collaboration

British Chambers of Commerce - The Ultimate Business Network
Official site. Representing UK business interests around the world.

Aircraft Commerce - The Journal for Commercial Aircraft Business
Aircraft Commerce Magazine - We are ... The most cost effective independent aviation tool on the web - find out more about our latest edition

Funky Commerce
Welcome to Funky Commerce. With the Internet fast becoming the largest source of trading, it’s now imperative that your business has the very best e-commerce software available

SkillsTrain - E-Commerce & Project Management
SkillsTrain offering you IT Training Courses and Careers. SkillsTrain: computer courses which suit you! E-Commerce & Project Management course - high quality, affordable training ...

Freeway Commerce: The UK's Specialist EDI Provider
Freeway designs, manages & implements EDI solutions for big and small UK companies. Customers include Boots, Halfords, House of Fraser, Newey&Eyre & Tesco to name just a few ...