commerce

Reading level: hard

Estimated CEFR level: B1 — Intermediate

Estimated from word frequency; not an official CEFR classification.

Definition

  1. noun transactions (sales and purchases) having the objective of supplying commodities (goods and services)
  2. noun the United States federal department that promotes and administers domestic and foreign trade (including management of the census and the patent office); created in 1913
  3. noun social exchange, especially of opinions, attitudes, etc.

Etymology

Borrowed from Middle French commerce, from Latin commercium. Doublet of comess.

In classic literature

Synonyms

commercialism, mercantilism

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