What Exactly Is Commerce

Commerce is the conduct of trade among economic agents. Generally, commerce
refers to the exchange of goods, services or something of value, between
businesses or entities. From a broad perspective, nations are concerned with
managing commerce in a way that enhances the well-being of citizens, by
providing jobs and producing beneficial goods and services.

Commerce normally refers to the macroeconomic purchase and sale of goods and
services by large organizations at scale. The sale or purchase of a single item by a
consumer is defined as a transaction, while commerce refers to all transactions
related to the purchase and sale of that item in an economy. Most commerce is
conducted internationally and represents the buying and selling of goods between nations

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