Part of Speech

Noun

Pronunciation

/ˈkɒmɜːs/

Definitions

• 1. The activity of buying and selling goods and services, especially on a large scale.
• 2. The exchange of goods and services between people or entities, often involving trade and marketing.
• 3. A specific area of business or trade involving certain goods, services, or industries.
• 4. The movement of goods or services from the point of origin to the point of consumption, involving various processes such as shipping, distribution, and marketing.

Usage Examples

• The global commerce of technology has revolutionized industries worldwide.
• He studied international commerce and learned about the import and export processes.
• Online commerce continues to grow, changing how businesses operate and consumers shop.

Etymology

Originates from the Latin word "commercium," meaning "trade" or "traffic," derived from "com-" (together) and "merx" (goods). It has been used since the late Middle Ages to refer to the exchange of goods.

Synonyms

• Trade
• Business
• Industry
• Commerce
• Merchandising

Antonyms

• Noncommerce
• Barter
• Closure
• Disconnection

Translations

Regional Pronunciation Variations

In some regions, the pronunciation of the word "commerce" may differ slightly in emphasis. In British English, the emphasis may be on the first syllable ("COM-merce"), while in American English, it is often more neutral with equal emphasis on both syllables ("com-MERCE").

Historical Usage

The term "commerce" has been used for centuries to describe the trade of goods and services, dating back to the Middle Ages when it was used in the context of trade and the exchange of goods between merchants. Over time, it expanded to include modern businesses and markets.

Cultural Nuances

Commerce plays a significant role in shaping the economies of countries and communities. In many cultures, commerce is closely tied to the concept of trade and barter, and it has influenced how people interact and exchange goods and services. The rise of e-commerce in recent years has further reshaped global commerce, giving rise to digital markets and businesses.

More Information

Commerce is fundamental to the functioning of modern economies and has evolved from traditional forms of trade to include more complex systems involving financial services, digital technologies, and global supply chains. Understanding commerce is essential for anyone involved in business, economics, and international relations.