WORLD CIVILIZATION

Detailed explanation-1: -The term ‘commerce’ usually means the same as ‘trade. ‘ Trade also means buying, selling, or exchanging goods and services between people, firms, and countries. Commerce focuses on the distribution side of the business, rather than production.

Detailed explanation-2: -Commerce is defined as the exchange of goods and services between two or more entities. It typically involves buying and selling things of value. Commerce can take place between businesses, between consumers, or between businesses and consumers.

Detailed explanation-3: -E-commerce (electronic commerce) is the buying and selling of goods and services, or the transmitting of funds or data, over an electronic network, primarily the internet.