Commerce is the whole system of an economy that constitutes an environment for business.The system includes legal, economic, political, social, cultural and technological systems that are in operation in any country. Thus, commerce is a system or an environment that affects the business prospects of an economy or a nation-state. It can also be defined as a component of business which includes all activities, functions and institutions involved in transferring goods from producers to consumers. Commerce is a branch of business. It is concerned with the exchange of goods and services.It includes all those activities, which directly or indirectly facilitate that exchange."Commerce is an organized system for the exchange of goods between the members of the industrial world.""Commerce is that part of business which is concerned with the exchange of goods and services and includes all those activities which directly or indirectly facilitate that exchange."