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- Commerce refers to the exchange of goods or services among two or more parties1. It is the subset of business that focuses on the sale of finished or unfinished products rather than their sourcing, manufacturing, transportation, or marketing. The broader framework of commerce incorporates additional elements such as laws, regulations, policies, tariffs, supply chains, financial transactions, market dynamics, technological innovation, competition, and entrepreneurship2.Learn more:✕This summary was generated using AI based on multiple online sources. To view the original source information, use the "Learn more" links.Commerce is the exchange of goods or services among two or more parties. It is the subset of business that focuses on the sale of finished or unfinished products rather than their sourcing, manufacturing, transportation, or marketing.www.investopedia.com/terms/c/commerce.asp
The broader framework of commerce incorporates additional elements and factors such as laws and regulations (including intellectual property rights and antitrust laws), policies, tariffs and trade barriers, consumers and consumer trends, producers and production strategies, supply chains and their management, financial transactions for ordinary and extraordinary business activities, market dynamics (including supply and...
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Commerce - Meaning, Types, Examples, How Does it Work?
- NOUN
- the activity of buying and selling, especially on a large scale:"the possible increase of commerce by a great railroad"synonyms:trade · trading · business · bargaining · dealing · traffic · trafficking · dealings · negotiations · merchandising · buying and selling · (financial) transactions
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