Thus, commerce is a system or an environment that affects the business prospects of an economy or a nation-state.It can also be defined as a component of business which includes all activities, functions and institutions involved in transferring goods from producers to consumer.
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 consumer.