Commerce
Commerce may have a legal definition[1] and a more general definition which is “an interchange of goods or commodities, especially on a large scale between different countries (foreign commerce) or between different parts of the same country (domestic commerce) trade; business.”
It is also defined in other senses as:
- 2. social relations, especially the exchange of views, attitudes, etc.
- 3. sexual intercourse.
- 4. intellectual or spiritual interchange; communion.
- COMMERCE is not just a trade by contracts but is done with an intent to realize a profit. A profit is a "benefit" beyond the exchange of the value of a thing. Profit is gain and to trade for gain is an expression of intent.
- ↑ The exchange of goods, products, or any type of Personal Property. Trade and traffic carried on between different peoples or states and its inhabitants, including not only the purchase, sale, and exchange of commodities but also the instrumentalities, agencies, and means by which business is accomplished. The transportation of persons and goods, by air, land, and sea. The exchange of merchandise on a large scale between different places or communities.
Although the terms commerce and trade are often used interchangeably, commerce refers to large-scale business activity, while trade describes commercial traffic within a state or a community.