trade and commerce
Buying and selling
Trade and commerce is a formal phrase for business activity—the buying, selling, and exchange of goods and services.
The pairing is slightly redundant, as both words cover similar ground, but legal and governmental contexts favor the fuller phrase: laws regulating trade and commerce, the trade and commerce clause.
Commerce emphasizes the broader system; trade emphasizes specific transactions.
- monopolyOne seller, no substitutes
- capitalismPrivate profit-based economy
- bull marketPeriod of rising prices
- bear marketProlonged securities decline
- importObtain from overseas
tariffs · credit cards · cash flow · Silk Road · feudal economy · globalization · supply chain · barter system · mixed economy · port of entry · embargoes · checks · perfect competition · promissory notes · invoices · stockbroker · wholesale · bonds
trade and commercesubsistence
Minimal means of living
self-sufficiency · autarky · subsistence farming · subsistence economy · self-reliance
trade and commercecharity
Voluntary aid for others
gift-giving · philanthropy · donation · almsgiving · altruism
trade and commercecentral planning
Government directs all production
command economy · planned economy · communism · rationing · socialism
trade, commerce, trader, traders, trading, traded, trades, tradesman, tradesmen