What is commerce?

→ Commerce is the conduct of trade among economic agents. In simpler terms commerce
refers to the exchange of goods, services, or something of value, between businesses or
entities.

Commerce has existed from the early days of human civilization when humans bartered
goods to the more complex development of trade routes and corporations.Today, commerce
normally refers to the macroeconomic purchases and sales 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.
it is important to note that commerce does not have the same meaning as "business" but
rather is a subset of business. Commerce does not relate to the manufacturing or production
process of business but only the distribution process of goods and services. The distribution
aspect encompasses a wide array of areas, such as logistical, political, regulatory, legal,
social, and economic.

WHAT IS MACROECONOMICS?
Macroeconomics is a branch of economics that studies how an overall economy—the
market or other systems that operate on a large scale—behaves.

E-COMMERCE
The idea of commerce has expanded to including electronic commerce in the 21st century.
E-commerce describes any business or commercial transaction that includes the transfer of
financial information over the Internet. E-commerce, unlike traditional commerce between
two agents, allows individual consumers to exchange value for goods and services with little
to no barriers.E-commerce has changed how economies conduct commerce. In the past,
imports and exports conducted by a nation posed many logistical hurdles, both on the part of
the buyer and the seller. This created an environment where only larger companies with
scale could benefit from export customers. Now, with the rise of the Internet and
e-commerce, small business owners have a chance to market to international customers
and fulfill international orders.Companies of all shapes and sizes can engage in international
commerce. Export management companies help domestic small businesses with the
logistics of selling internationally. Export trading companies help small businesses by
identifying international buyers and domestic sourcing companies that can fulfill the demand.
Import/export merchants purchase goods directly from a domestic or foreign manufacturer,
and then they package the goods and resell them on their own as an individual entity,
assuming the risk but taking higher profits.

To conclude:
● Commerce has existed from the early days of human civilization when humans
bartered goods to the more complex development of trade routes and corporations.
● Today, commerce refers to the macroeconomic purchases and sales of goods and
services by organizations.
● Commerce is a subset of business that focuses on the distribution aspect of business
as opposed to the production side.
● The buying or selling of a single item is known as a transaction, whereas all the
transactions of that item in an economy are known as commerce.
● Commerce leads to the prospering of nations and an increased standard of living, but
if left unchecked or unregulated, it can lead to negative externalities.
● E-commerce is a variant of commerce in which goods are sold electronically via the
Internet.