global commerce
Worldwide economic exchange
Global commerce is the buying and selling of goods and services across national borders.
The term encompasses international trade, multinational business operations, and the financial systems that support them: Global commerce has transformed supply chains.
Often used in discussions of economic policy, tariffs, and the interconnectedness of world markets.
- tariffsTaxes on imports
- supply chainProduct delivery infrastructure
- supply shortagesInsufficient availability of goods
- cargo shipsVessels for transporting goods
- trade routesPaths for exchanging goods
trade blocs · silk road · cross-border trade · export · currency exchange · economic integration · bottom line · free trade agreements · ethical sourcing · trade sanctions · World Trade Organization · fair trade practices · labor standards · logistics · customs · import duties · emerging markets · subsidies
- tradetrade balance, free trade, trade barriers, customs, trade deficit
- trade policytariff, free trade, quotas, protectionism, sanctions
global commercelocal markets
Nearby retail establishments
local trade · regional trade · cottage industry · local commerce · village markets
global commerceprotectionism
Shielding local producers
autarky · trade barriers · economic nationalism · self-sufficiency · import substitution
global commercesubsistence economy
System without market surplus
barter system · gift economy · subsistence farming · self-production · barter economy
globe, commercial, globalization, merchandise, mercantile, commercialize