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Commerce is the exchange of goods and services, especially on a large scale. It includes legal, economic, political, social, cultural and technological systems that operate in a country or in international trade.

In the economic sense, “commerce” refers to the conduct of trade among economic agents. Commerce generally affects the well-being and welfare of citizens and residents, as it is known to directly impact the money which people have and their job opportunities as well. The term “commerce” may also refer to the buying and selling of commodities globally or across borders – between governments and between business firms.


Senior secondary School.


SS2 1st C. A Commerce. Christmas Term.

Author: Chinwe

  SS2 1st¬† CA, Bookkeeping. Christmas Term.       What is single entry system ?     Prepare a single column and¬† double column¬† single entry system¬† of bookkeeping‚Ķ