What is Commerce?

Commerce, in its broadest sense, encompasses all activities involved in the exchange of goods or services from producers to consumers or end-users. This includes buying, selling, marketing, and distribution. In the modern context, commerce often refers to e-commerce or online commerce, where transactions are conducted electronically over the internet. This can range from retail sales (business-to-consumer, B2C) to transactions between businesses (business-to-business, B2B), and even consumer-to-consumer (C2C) interactions. Commerce platforms facilitate these transactions, enabling businesses to reach wider audiences and streamline their sales processes.