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. LIBOR

    LIBOR or ICE LIBOR (previously BBA LIBOR) is a benchmark rate ...
  6. Global Recession

    An extended period of economic decline around the world. The ...
Related Articles
  1. Are You An Entrepreneur?
    Entrepreneurship

    Are You An Entrepreneur?

  2. Getting To Know Business Models
    Entrepreneurship

    Getting To Know Business Models

  3. Find Your Niche Market
    Retirement

    Find Your Niche Market

  4. The German ILO: Why It Matters To Traders
    Forex Education

    The German ILO: Why It Matters To Traders

comments powered by Disqus
Hot Definitions
  1. Elasticity

    A measure of a variable's sensitivity to a change in another variable. In economics, elasticity refers the degree to which ...
  2. Tangible Common Equity - TCE

    A measure of a company's capital, which is used to evaluate a financial institution's ability to deal with potential losses. ...
  3. Yield To Maturity (YTM)

    The rate of return anticipated on a bond if held until the maturity date. YTM is considered a long-term bond yield expressed ...
  4. Net Present Value Of Growth Opportunities - NPVGO

    A calculation of the net present value of all future cash flows involved with an additional acquisition, or potential acquisition. ...
  5. Gresham's Law

    A monetary principle stating that "bad money drives out good." In currency valuation, Gresham's Law states that if a new ...
  6. Limit-On-Open Order - LOO

    A type of limit order to buy or sell shares at the market open if the market price meets the limit condition. This type of ...
Trading Center