Define commerce

Various scholars have defined the word commerce in the following way:

According to James Stephenson, “Commerce embraces all those processes, which help to break the barriers between producers and consumers. It is the sum total of those processes, which are engaged in the removal of hindrances of person (trade), place (transport and insurance) and time (warehousing) in the exchange (banking) of commodities,”

According to Evelyn Thomas, “Commercial Occupations deal with the buying and selling of goods, the exchange of commodities and the distribution of the finished products.”

In short, commerce includes all those activities which are undertaken to remove all those drances which come up in the way of transporting the manufactured goods to the consumers.