Commerce

Definition

• 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.

Synonyms
business environment

Alternate Spellings
business

Related Terms and Acronyms

• Bank of Canada (BC, BOC) — Company Est. 1935, Ottawa, Ontario, Canada, Important,
  • Canada's central bank.
  ➥ Canada's central bank.
• 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.
• Central Bank — Definition,
  • An institution that manages a nation's monetary policy.
• Deflation — Definition,
  • An actual decline in the general level of prices in the economy.
• Depression — Definition,
  • A prolonged downturn in the economy and level of business activity.
• 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.
• 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.
• Monetary Policy — Definition,
  • The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.
• 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.
• Operational Expenses (OpEx) — Abbreviation,
  • Costs accruing from a business's business operations.
• World Trade Organization (WTO) — Company Est. 1995,
  • An organization that promotes free trade between nations.
  ➥ Deals with the global rules of trade between nations.