About Commerce

Commerce is the exchange of goods and services, especially on a large scale. == Etymology == The English-language word commerce has been derived from the Latin word commercium, from com ("together") and merx ("merchandise"). == History == Historian Peter Watson and Ramesh Manickam date the history of long-distance commerce from circa 150,000 years ago.In historic times, the introduction of currency as a standardized money facilitated the exchange of goods and services.Banking systems developed in medieval Europe, facilitating financial transactions across national boundaries. Markets became a feature of town life, and were regulated by town authorities.