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

Is commerce the same as business?

As we have already mentioned, commerce involves only buying and selling, whereas business involves much more. It involves activities like planning, marketing, distributing, accounting, supervising, maintenance, and many more. However, commerce is involved in each of these activities as well.

What does commerce mean in history?

Commerce refers to all the activities around the exchange of goods or services for something of value like currency or, in bartering societies, other goods or services, including the process of getting those goods from manufacturer to customer, and everything in between.