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COMMERCE

Commerce is "the activity of buying & selling, especially on a large scale".[1] Commerce includes legal, economic, political, social, cultural and technological systems that are in operation in any country or internationally.

Today commerce includes as a subset a complex system of companies which try to maximize their profits by offering products and services to the market (which consists both of individuals and other companies) at the lowest production cost. A system of international trade has helped to develop the world economy but, in combination with bilateral or multilateral agreements to lower tariffs or to achieve free trade, has sometimes harmed third-world markets for local products, it has been argued