Generally, commerce can refer to an exchange of goods or services for money or something of equal value. From the broadest perspective, governments are tasked with managing the commerce of their nations in a way that meets the needs of their citizens by providing jobs and producing beneficial goods and services.
What is the difference between commerce and e-commerce?
Commerce is a subset of business that focuses on the distribution of goods. Selling a single item is a transaction. All transactions are collectively called commerce. E-commerce is a variation of commerce that entails selling goods and services electronically via the Internet.
When did commerce start?
Commerce began when prehistoric humans started exchanging goods and services for mutual benefit. Today, commerce commonly refers to the large-scale purchases and sales of goods and services. Commerce is a subset of business that focuses on the distribution of goods. Selling a single item is a transaction.
What is the difference between a transaction and a commerce?
The sale or purchase of a single item by a consumer is defined as a transaction, while commerce may refer to all transactions related to the purchase and sale of that item. Most commerce in modern times is conducted internationally and represents the buying and selling of goods between nations.
