Commerce

Importance: 0.43

Is a company: no

Is a proper noun: no

Synonyms

  • business environment

Alternate Spellings

  • business

Definition of Commerce

  1. The systems that involve economic interaction and business on a large scale within a country and between different countries. The term commerce encompasses a wide range of activities and can be loosely affiliated with any activities that impact business prospects within a nation's economy including the legal, political, economic, technological, social, and cultural systems in place in a country.

Related Terms and Acronyms

  • Central Bank Definition,
    • An institution that manages a nation's monetary policy.
  • North American Free Trade Agreement (NAFTA) Acronym,
    • An agreement between the United States, Canada, and Mexico that allows for freer trade between the three countries.
  • Business (busn) Abbreviation,
    • Economic activities of a given type.
    • A company, either for-profit or non-profit.
    • Commercial, industrial or professional activities undertaken by an entity.
  • Bank of Canada (BC, BOC) Company Est. 1935, Ottawa, Ontario, Canada, Important,
    • Canada's central bank.
    Canada's central bank.
  • International Chamber of Commerce (ICC) Acronym,
    • A world business organization that brings business people and experts together to formulate policies in such areas as banking, taxation and the environment.
  • Deflation Definition,
    • An actual decline in the general level of prices in the economy.
  • Operational Expenses (OpEx) Abbreviation,
    • Costs accruing from a business's business operations.
  • Electronic Commerce Definition,
    • The purchase or sale of products and services through an electronic system such as the Internet.
  • Inflation Definition,
    • A rise in the average level of prices in the economy.
  • Depression Definition,
    • A prolonged downturn in the economy and level of business activity.
  • Monetary Policy Definition,
    • The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.
  • World Trade Organization (WTO) Company Est. 1995,
    • An organization that promotes free trade between nations.
    Deals with the global rules of trade between nations.
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