What is commerce?

  • (noun): The United States federal department that promotes and administers domestic and foreign trade (including management of the census and the patent office); created in 1913.
    Synonyms: Department of Commerce, Commerce Department, DoC
    See also — Additional definitions below

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.

Read more about Commerce.

Some articles on commerce:

Alexander Trowbridge
... April 27, 2006) was the United States Secretary of Commerce from June 14, 1967 to March 1, 1968 in the administration of Lyndon Johnson ... In 1965 President Lyndon Johnson made him Assistant Secretary of Commerce ... On 19 January 1967 he became acting Secretary of Commerce ...
Under Secretary Of Commerce For Oceans And Atmosphere
... The Under Secretary of Commerce for Oceans and Atmosphere, or USC(OA), is a high-ranking official in the United States Department of Commerce and the principal advisor to the ... and Atmospheric Administration within the Commerce Department ...
Under Secretary Of Commerce For International Trade
... The Under Secretary of Commerce for International Trade, or USC(IT), is a high-ranking official within the United States Department of Commerce, and is the ... the International Trade Administration within the Commerce Department ...
Commerce, Texas - Popular Culture References
... American rock musician, Ben Kweller, a native of nearby Greenville, titled a song after Commerce ...
Eastern Shore (Alabama) - Commerce
... Tourism is predominant in Point Clear because of a large classical-style hotel and the presence of a Championship golf course. ...

More definitions of "commerce":

  • (noun): Transactions (sales and purchases) having the objective of supplying commodities (goods and services).
    Synonyms: commercialism, mercantilism
  • (noun): Social exchange, especially of opinions, attitudes, etc..

Famous quotes containing the word commerce:

    Friendship is a disinterested commerce between equals; love, an abject intercourse between tyrants and slaves.
    Oliver Goldsmith (1728–1774)

    On September 16, 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)