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:
“On 16 September 1985, when the Commerce Department announced that the United States had become a debtor nation, the American Empire died.”
—Gore Vidal (b. 1925)
“Honour sinks where commerce long prevails.”
—Oliver Goldsmith (1728–1774)
“Friendship is a disinterested commerce between equals; love, an abject intercourse between tyrants and slaves.”
—Oliver Goldsmith (1728–1774)