Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
38% - Moderately


Synonyms:business environment
Filed Under: financial-banking
Tags: banking

Definition of commerce

1. The systems that involve economic interaction and business on a large scale within a country and between different countries. The term commerce encompasses a wide range of activities and can be loosely affiliated with any activities that impact business prospects within a nation's economy including the legal, political, economic, technological, social, and cultural systems in place in a country.

Related Terms and Acronyms:

  • Bank of Canada (BC, BOC)   Canada's central bank.
      ➥  Canada's central bank.
  • business (busn)   A company, either for-profit or non-profit.
  • central bank   An institution that manages a nation's monetary policy.
  • deflation   An actual decline in the general level of prices in the economy.
  • depression   A prolonged downturn in the economy and level of business activity.
  • electronic commerce   The purchase or sale of products and services through an electronic system such as the Internet.
  • inflation   A rise in the average level of prices in the economy.
  • monetary policy   The Bank of Canada's ability to influence the economy through changes in short-term interest rates and the money supply.
  • operational expenses (OpEx)   Costs accruing from a business's business operations.
  • World Trade Organization (WTO)   An organization that promotes free trade between nations.
      ➥  Deals with the global rules of trade between nations.

More Related Terms and Acronyms

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