International Commerce

AAA

DEFINITION of 'International Commerce'

The buying and selling of goods between sovereign nations. International commerce allows countries to take advantage of competitive advantages in certain areas, while diminishing disadvantages in other areas. To help facilitate international buying and selling among countries, a variety of national and local government agencies have been set up, including the International Chamber of Commerce (ICC).

INVESTOPEDIA EXPLAINS 'International Commerce'

It is technically different from international trade, only in that commerce generally refers to buying and selling goods and services, as opposed to exchanging them. With businesses becoming increasingly more global, international trade and commerce has grown more and more popular, and has allowed companies in smaller geographical areas to compete against those based in more densely populated regions.

RELATED TERMS
  1. Business Activities

    Any activity that is engaged in for the primary purpose of making ...
  2. Commerce

    The conduct of trade amongst economic agents. Generally, commerce ...
  3. Corporation

    A legal entity that is separate and distinct from its owners. ...
  4. Business

    1. An organization or enterprising entity engaged in commercial, ...
  5. Welfare Capitalism

    Definition of welfare capitalism.
  6. LIBOR

    LIBOR or ICE LIBOR (previously BBA LIBOR) is a benchmark rate ...
Related Articles
  1. Entrepreneurship

    Are You An Entrepreneur?

  2. Entrepreneurship

    Getting To Know Business Models

  3. Retirement

    Find Your Niche Market

  4. Forex Education

    The German ILO: Why It Matters To Traders

Hot Definitions
  1. Turkey

    Slang for an investment that yields disappointing results or turns out worse than expected. Failed business deals, securities ...
  2. Conduit Issuer

    An organization, usually a government agency, that issues municipal securities to raise capital for revenue-generating projects ...
  3. Financing Entity

    The party in a financing arrangement that provides money, property, or another asset to an intermediate entity or financed ...
  4. Hyperinflation

    Extremely rapid or out of control inflation. There is no precise numerical definition to hyperinflation. Hyperinflation is ...
  5. Gross Rate Of Return

    The total rate of return on an investment before the deduction of any fees or expenses. The gross rate of return is quoted ...
  6. Debit Spread

    Two options with different market prices that an investor trades on the same underlying security. The higher priced option ...
Trading Center