What is Commerce? meaning and definitions

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Commerce

All those activities which are connected with taking goods and services from producer's to users come under the purview if Commerce. The goal of Commerce is to ensure a proper flow of goods and services for the benefit of both producer and consumers. Peoples are able to buy goods produced anywhere in the world with the help of Commerce. Commerce activities may precisely be described as follows:


  1. Commerce is related to the activities dealing with distribution and exchange of goods and services. These, activities relate to trade aspect.
  2. Commerce cover all these activities which smoothen or help trade. These activities are transport, banking, insurance, warehousing, advertising, etc. These are ancillary services and are called aids to trade.
  3. Commerce is a part of business. Business is a wider concept and include industry too.
  4. Commerce is a part of Economics. Economics is a study of human beings as consumer and producers and it has a much wider scope than Commerce.

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