What is COMMERCE?

What is COMMERCE?

Commerce refers to the activities and processes involved in the buying and selling of goods and services, often between businesses or between businesses and consumers. It includes all the various activities associated with the exchange of goods and services, such as advertising, marketing, sales, transportation, and distribution. Commerce plays a significant role in the economy of a country and is essential for businesses to generate revenue and profit. The rise of e-commerce and online marketplaces in recent years has greatly transformed the nature and scope of commerce, enabling businesses to reach a wider audience and conduct transactions more efficiently.