Commerce

Commerce refers to the activity of buying and selling goods and services, especially on a large scale. It encompasses all aspects of trade, including the processes involved in the exchange of products between producers and consumers. Commerce is a vital part of the economy, facilitating not just the distribution of goods, but also the flow of capital and resources. It can occur in various forms, such as retail, wholesale, and e-commerce, and involves various stakeholders including businesses, consumers, suppliers, and regulators. The term also implies a network of activities that includes marketing, logistics, financing, and negotiation, ultimately aiming to create value and meet consumer needs through transactions.