Commerce is 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 consumer.
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