Commerce

/'kɔmə:s/
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Definition
  1. Noun:
    • The activity of buying and selling goods and services, especially on a large scale: "commerce" refers to the system or process of exchanging products and services, typically involving money, between businesses, individuals, or countries.
    • Social exchange or interaction, especially of opinions or ideas: In a more formal or literary sense, "commerce" can denote the exchange of thoughts, feelings, or communication between people.
Examples of Usage
  • Noun:
    • International commerce is vital for the global economy. (The large-scale buying and selling between nations is crucial for worldwide economic health.)
    • E-commerce has revolutionized the way we shop. (Online buying and selling has completely changed shopping habits.)
    • The commerce between the two scholars was both lively and respectful. (The exchange of ideas between the two scholars was energetic and polite.)
Advanced Usage

  • "Commerce clause": A provision in the U.S. Constitution granting Congress the power to regulate commerce between states and with foreign nations.

    • The Supreme Court case centered on the interpretation of the commerce clause.

  • "Chamber of Commerce": A local association of businesses aimed at promoting commercial interests in a community.

    • The local Chamber of Commerce organized a networking event for new entrepreneurs.
Variants and Related Words
  • Commercial (adj): Related to or engaged in commerce.
    • The building's commercial space is for rent.
  • Commercial (n): A television or radio advertisement.
    • The company aired a new commercial during the game.
  • Commercialize (v): To manage or exploit something, especially a new product or idea, in a way designed to make a profit.
    • They hope to commercialize their scientific discovery.
Synonyms
  • Trade: The action of buying and selling goods and services.
  • Business: The practice of making one's living by engaging in commerce.
  • Merchandising: The activity of promoting the sale of goods, especially by their presentation in retail outlets.
Related Phrases
  • Commerce with: (Formal/Literary) To have dealings or communication with.
    • The tribe had no commerce with outsiders for centuries.
Related Idioms
  • "The wheels of commerce": A metaphor for the ongoing processes and systems of business and trade.
    • The new policy was designed to grease the wheels of commerce.
Noun
  1. social exchange, especially of opinions, attitudes, etc.
  2. the United States federal department that promotes and administers domestic and foreign trade (including management of the census and the patent office); created in 1913
  3. transactions (sales and purchases) having the objective of supplying commodities (goods and services)

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