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i want to know about the subject commerce. How the word commerce can be defined? is there any diffference between commerce and business?

Originally Posted by Unregistered

i want to know about the subject commerce. How the word commerce can be defined? is there any diffference between commerce and business?

Definition of commerce: Commerce means the whole system of an economy that constitutes an environment for business.
The system includes legal, economic, political, social, cultural, and technological systems that are in operation in any country.
Thus, commerce is a system or an environment that affects the business prospects of an economy or a nation-state.
We can also define it as a second component of business which includes all activities, functions and institutions involved in transferring goods from producers to consumers.


Difference between commerce and Business:

Commerce is an abstract idea that refers to activities of buying and selling of goods and services whereas business is more physical in the sense that it can be owned by a person.
A person can own a business but he certainly doesn’t own commerce.
Similarly a company does business with its clients and not commerce though the activities of the company come within the purview of the broader term commerce.

Originally Posted by Unregistered

i want to know about the subject commerce. How the word commerce can be defined? is there any diffference between commerce and business?

Definition:
The buying and selling of products and services between firms, usually in different states or countries.


Difference between Commerce and Business:
The words commerce and business have similar connotations and there is a tendency of people to talk about these terms in the same breath as if both were same. However, there are differences in the two concepts which will be highlighted in this article.

Commerce is an abstract idea that refers to activities of buying and selling of goods and services whereas business is more physical in the sense that it can be owned by a person. A person can own a business but he certainly doesn’t own commerce. Similarly a company does business with its clients and not commerce though the activities of the company come within the purview of the broader term commerce.

Commerce is much closer in meaning to trade and trade related activities such as communication, transportation, insurance, and so on. On the other hand, business is an activity that is undertaken with the sole motive of making profits. If one tries to represent trade, commerce and business through Venn diagrams, trade and commerce appear to be subsets of business which is the largest circle containing both trade and commerce. Commerce is thus a part of all the activities that are carried out in the name of business such as planning, advertising, selling, buying, marketing, accounting and supervising manufacturing etc. Commerce is just the buying and selling part of business thus being smaller in scope than business. The difference between these two terms is also reflected in the relative importance of the courses of commerce and business. Whereas a student studying commerce is just a simple arts graduate, a student studying business holds a professional degree that opens doors of many more opportunities.

In brief:

Business vs Commerce

• Commerce and business are words with similar meaning but they also differ from one another

• While business can be an entity, commerce refers to trade and trade related activities.

• Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling.

commerce refers to the field wherever something is commercialized or money involved as a charge for some kind of product or service


Business refers basically it is the best of being busy.
since things like receiving or sending
money or products or services relatively.It is a continuous process like 24-hrs a day it generally used for any kind of process involving money

Definition of commerce- The buying and selling of goods, especially on a large scale, as between cities or nations.
In other words you can say that commerce refers top all those activities which help directly or indirectly in the distribution of goods to the ultimate consumer.
So to tell you about the subject commerce remember that this subject is a very good one for those students who are interested in the fields of accounting,finance,banking,economy etc as in this subject you can learn all these business activities theoritically as well as practically too.

Difference between commerce & business-
Commerce is the broad name given to the business. (Macroeconomic view)
Business is part of commerce.(Micronomic view)
Business is manufacturing and trading in commodities,
They are interdependent and indivisible.

what is the role of Comerce?

what is the importance of commerce in the field of industries

Hey what nonsense.. all are just copying from a single web site and post it here.. do you have some more knowledge rather than that....

Commerce is a branch of business. It is concerned with the exchange of goods and services. It includes all those activities, which directly or indirectly facilitate that exchange.
Commerce looks after the distribution aspect of the business. Whatever is produced it must be consumed, to facilitate this consumption there must be a proper distribution channel. Here comes the need for commerce which is concerned with the smooth buying and selling of goods and services.

According to James Stephenson,

"Commerce is an organized system for the exchange of goods between the members of the industrial world."

In a broader sense,

"Commerce is that part of business which is concerned with the exchange of goods and services and includes all those activities which directly or indirectly facilitate that exchange."

Importance of Commerce:

1. Commerce tries to satisfy increasing human wants


2. Commerce helps to increase our standard of living


3. Commerce links producers and consumers


4. Commerce generates employment opportunities


5. Commerce increases national income and wealth


6. Commerce helps in expansion of aids to trade

7. Commerce helps in growth of industrial development


8. Commerce encourages international trade


9. Commerce benefits underdeveloped countries


10. Commerce helps during emergencies

Business vs Commerce

1.Commerce and business are words with similar meaning but they also differ from one another

2.While business can be an entity, commerce refers to trade and trade related activities.

3.Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling.

thank you!

hi,

there are many defination for the commerce but some great people define the commerce as:

According to James Stephenson,

"Commerce is an organized system for the exchange of goods between the members of the industrial world."

In a broader sense,

"Commerce is that part of business which is concerned with the exchange of goods and services and includes all those activities which directly or indirectly facilitate that exchange."

Importance of Commerce:

1. Commerce tries to satisfy increasing human wants


2. Commerce helps to increase our standard of living


3. Commerce links producers and consumers


4. Commerce generates employment opportunities


5. Commerce increases national income and wealth


6. Commerce helps in expansion of aids to trade

7. Commerce helps in growth of industrial development


8. Commerce encourages international trade


9. Commerce benefits underdeveloped countries


10. Commerce helps during emergencies



Business vs Commerce
1.Commerce and business are words with similar meaning but they also differ from one another

2.While business can be an entity, commerce refers to trade and trade related activities.

3.Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling

are functions of commerce and importance of commerce the same thing?

explain similarities and differences between business, commerce and distribution.
send answer in my email please [email protected]

The similarities between commerce and business

Different between commerce,economics and business

What is different between commerce, economic and business

compare between commerce and business

Definition of Commerce- all activities which helps directly or indirectly in distribution of goods to final consumers.
-Good are produced at 1place and in large quantities.

*Difference between Commerce and Business-

Commerce focuses on buying and selling part of a business whereas there is much more to a business than just buying and selling.