Commerce
Commerce is the whole system of an economy that constitutes an environment for business. The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any country. Thus, commerce is a system or an environment that affects the business prospects of an economy or a nation-state. We can also define it as a second component of business which includes all activities, functions and institutions involved in transferring goods from producers to consumer.
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Famous quotes containing the word commerce:
“Here, the churches seemed to shrink away into eroding corners. They seem to have ceased to be essential parts of American life. They no longer give life. It is the huge buildings of commerce and trade which now align the people to attention. These in their massive manner of steel and stone say, Come unto me all ye who labour, and we will give you work.”
—Sean O’Casey (1884–1964)
“The Great Society is a place where every child can find knowledge to enrich his mind and to enlarge his talents.... It is a place where the city of man serves not only the needs of the body and the demands of commerce but the desire for beauty and the hunger for community.... It is a place where men are more concerned with the quality of their goals than the quantity of their goods.”
—Lyndon Baines Johnson (1908–1973)
“The whole commerce between master and slave is a perpetual exercise of the most boisterous passions, the most unremitting despotism on the one part, and degrading submissions on the other. Our children see this, and learn to imitate it.”
—Thomas Jefferson (1743–1826)