World Commerce

Definition

World commerce refers to the exchange and trade of goods, services, and resources between nations and regions on a global scale.

Related terms

Mercantilism: An economic theory that emphasizes a nation's need for profitable trade and accumulating wealth through exports while limiting imports.

Globalization: The process of increased interconnectedness among nations through trade, communication, cultural exchange, and technology.

Trade Routes: Established pathways used for commercial transportation and exchange between different regions or countries.