Commerce is the exchange of goods and services, especially on a large scale.[1]
The English-language word commerce has been derived from the Latin word commercium, from com ("together") and merx ("merchandise").[2]
Historian Peter Watson and Ramesh Manickam date the history of long-distance commerce from circa 150,000 years ago.[4]
In historic times, the introduction of currency as a standardized money facilitated the exchange of goods and services.[5]
Banking systems developed in medieval Europe, facilitating financial transactions across national boundaries.[6] Markets became a feature of town life, and were regulated by town authorities.[7]
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1 The activity of buying and selling, especially on a large scale.
Taken over by towns, the markets grew apace with them.