Commerce is the exchange of goods and services, especially on a large scale.
The English-language word commerce has been derived from the Latin word commercium, from cum ("together") and merx ("merchandise").
- used today as the symbol of commerce,
and traditionally associated with the Roman god Mercury
, patron of commerce, trickery and thieves.
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.
Latin word commercium, from cum ("together") and merx ("merchandise").