Department of Commerce

DEFINITION of 'Department of Commerce'

The cabinet department in the U.S. Government that deals with business, trade and commerce. Its objective is to foment higher standards of living for Americans through the creation of jobs. It aims to achieve this by promoting an infrastructure of monetary and economic growth, competitive technology and favorable international trade.

BREAKING DOWN 'Department of Commerce'

The department of commerce was originally created in 1903 under another name. It is currently administrated by the Secretary of Commerce, a member of the President's cabinet. The department houses several bureaus that perform various functions, such as the Bureau of the Census and the Bureau of Economic Analysis.

RELATED TERMS
  1. Commerce

    The conduct of trade amongst economic agents. Generally, commerce ...
  2. Organic Act of the Department of ...

    An act of law reluctantly signed by former U.S. president William ...
  3. International Commerce

    The buying and selling of goods between sovereign nations. International ...
  4. Department Of Labor (DOL)

    The Department of Labor is a U.S government cabinet body responsible ...
  5. Mobile Commerce

    The use of wireless handheld devices such as cellular phones ...
  6. Cabinet Security

    A security that is listed under a major financial exchange, such ...
Related Articles
  1. Savings

    Top Ten US Economic Indicators

    We explain the most important economic indicators for the US economy.
  2. Home & Auto

    9. Paint Or Stain Kitchen Cabinets

    These home upgrades can be achieved for surprisingly little money.
  3. Professionals

    C. Order Tickets and Key Dates

    Order Tickets Prior to executing a customer’s order the representative must fill out the appropriate order ticket and present it to the trading department or wire room for execution. All ...
  4. Professionals

    Executing An Order

    In chapter one we outlined the important dates relating to a regular way transaction for equities. An important part of executing a customer’s order lies in the operational procedures that ...
  5. Professionals

    Cabinet Trade / Accommodation Trade

    Investors and traders who have an open long or short option position that has essentially become worthless as a result of time decay and price movement may be able to close out the position through ...
  6. Brokers

    Uncovering The Securities Firm

    Learn about the various departments of a securities firm and the professionals who make it work.
  7. Home & Auto

    10. Upgrade Cabinet Knobs And Drawer Handles

    These home upgrades can be achieved for surprisingly little money.
  8. Economics

    Understanding Electronic Commerce

    Electronic commerce is the buying and selling of goods and services over an electronic network.
  9. Savings

    5 Ways To Trick Yourself Into Saving Money

    You've heard it a million times - you should save more money. If you're having a tough time doing it, check out these 5 simple "tricks" to saving more money.
  10. Investing

    Would an Infrastructure Bank Help America's Faltering Roads and Bridges

    Politicians are now calling for a National Infrastructure Bank to create jobs. But would a bank provide adequate funding to fix our roads and bridges?
RELATED FAQS
  1. What kinds of financial instruments are designated as “Securities” by Cabinet Order?

    Learn how the Japanese Financial Services Agency, or FSA, defines securities for Japanese stock markets and how the Cabinet ... Read Answer >>
  2. What does the Bureau of Labor Statistics do?

    By collecting, analyzing and reporting on important economic data, the Bureau of Labor Statistics has become a critical information ... Read Answer >>
  3. Who runs the Bureau of Labor Statistics?

    The Bureau of Labor Statistics tracks the nation's working conditions and provides critical data to the public, government ... Read Answer >>
  4. What is comparative advantage?

    Comparative advantage is an economic law that demonstrates the ways in which protectionism (mercantilism, at the time it ... Read Answer >>
  5. What are some of the ways that economic growth can be achieved?

    Discover some of the different ideas economists promote to achieve economic growth and how there is little agreement about ... Read Answer >>
  6. When was the Bureau of Indian Affairs created?

    Formed on March 11, 1824, the Bureau of Indian Affairs is the oldest operating bureau within the United States Department ... Read Answer >>
Hot Definitions
  1. Yield Curve

    A line that plots the interest rates, at a set point in time, of bonds having equal credit quality, but differing maturity ...
  2. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  3. Keynesian Economics

    An economic theory of total spending in the economy and its effects on output and inflation. Keynesian economics was developed ...
  4. Society for Worldwide Interbank Financial Telecommunications ...

    A member-owned cooperative that provides safe and secure financial transactions for its members. Established in 1973, the ...
  5. Generally Accepted Accounting Principles - GAAP

    The common set of accounting principles, standards and procedures that companies use to compile their financial statements. ...
  6. DuPont Analysis

    A method of performance measurement that was started by the DuPont Corporation in the 1920s. With this method, assets are ...
Trading Center