Commerce
Exchange of goods and services
Summary
Commerce is the organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered large-scale exchange of goods, services, and other things of value—predominantly through transactional processes—at a specified time, place, quantity, quality and price through various channels among the original producers and the final consumers within local, regional, national or international economies. The diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage are the principal factors that give rise to commercial exchanges.
Originally created by RobLa
2/25/2002, 3:43:11 PM
Modified
6/2/2026, 3:44:28 AM
Recent revisions
merge from [[Bachelor of Commerce]] oldid=1354850653
/* See also */ rm circular links (redirect back here)
/* Education */ reduce overlink
/* Education */ non-primary sources needed
merge from [[Doctor of Commerce]] oldid=1313603869
merge from [[Master of Commerce]] oldid=1340755549
merge from [[Bachelor of Commerce]] oldid=1354850653
Added missing comma after introductory word for grammatical correctness.
Corrected typo in publisher name (“Oxofrd” → “Oxford”).
Restoring after unexplained revert by anonymous non-user
Undid revision [[Special:Diff/1341546859|1341546859]] by [[Special:Contributions/Zaheen|Zaheen]] ([[User talk:Zaheen|talk]])
Commerce is exchange at a large scale
/* Commerce and trade */ fix common [[MOS:REFSPACE]] spacing errors, replaced: , <ref → ,<ref
Commerce is not always at the "right" time, price, etc.
Reverted edit by [[Special:Contribs/Santana2380|Santana2380]] ([[User talk:Santana2380|talk]]) to last version by FactFinder1402
Updated short description
/* See also */
/* Commerce and trade */ Unreferenced and inaccurate.Time and place utility are primarily created by distribution of goods (logistics, transportation, warehousing), not by commerce as a whole. Commerce and distribution overlap, but they are not the same concepts. The last sentence says that it does this by changing their location or placement. Can services be relocated too?
Reverted edits by [[Special:Contributions/~2025-34232-51|~2025-34232-51]] ([[User talk:~2025-34232-51|talk]])
/* Commerce and trade */
