Commerce is the exchange of goods and services, especially on a large scale. It includes legal, economic, political, social, cultural and technological systems that operate in a country or in international trade. In the economic sense, “commerce” refers to the conduct of trade among economic agents
Namasuba College Of Commerce
ACCT – African College of Commerce and Technology
Kampala International School Uganda
GEMS Cambridge International School Kampala
Namasuba College of Commerce
What is called commerce?
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.
What is Commerce example?
The definition of commerce means the buying and selling goods on a large scale or social relations. An example of commerce is trade between two countries. An example of commerce is the social or intellectual exchanges amongst a group of friends.
What are the branches of commerce?
Branches of commerce include trade, transport, banking, insurance warehousing, advertising and communication. consumers. Commerce ensures the smooth flow of goods from the producer to the user with the help of aids to trade.
What is the difference between commerce and business?
Business and Commerce are word with similar meaning, but they also differ from one another . Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling. … Business can be an entity , commerce refers to trade and trade- related activities