Commerce
From The Art and Popular Culture Encyclopedia
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"The [...] split between high culture and low culture indicates the sophistication of modernity, not its corruption or disintegration. A world where high and low culture were strongly integrated would be a world that devoted little effort to satisfying minority tastes. Genres that rely heavily on equipment and materials, which I describe as capital-intensive, tend to produce popular art. Genres with low capital costs, which I describe as labor-intensive, tend to produce high art. The movie spectacular with expensive special effects is likely to have a happy ending. The low-budget art film, directed and financed by an iconoclastic auteur, may leave the viewer searching."--In Praise of Commercial Culture (1998) by Tyler Cowen |
(poster by PAL (Jean de Paléologue), printed by Paul Dupont)
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Commerce is the exchange of goods and services, especially on a large scale. It is a money-making endeavor that involves a corporation or other formalized group of workers and management working toward the production of goods or services to participate in an economy.
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Etymology
The English-language word commerce has been derived from the Latin word commercium, from cum ("together") and merx ("merchandise").
History
Historian Peter Watson and Ramesh Manickam date the history of long-distance commerce from circa 150,000 years ago. In historic times, the introduction of currency as a standardized money facilitated the exchange of goods and services.
Banking systems developed in medieval Europe, facilitating financial transactions across national boundaries. Markets became a feature of town life, and were regulated by town authorities.
Commercial
Commercial may refer to:
- Advertising, commercial messages
- Radio commercial, promoted via the medium of radio
- Television advertisement, promoted via the medium of television
- Commercialism, see "selling out"
- Trade, the trading of something of economic value such as goods, services, information or money
See also
- Advertising
- Bachelor of Commerce
- Business
- Capitalism
- Commercial law
- Distribution (business)
- Cargo
- Eco commerce
- Economy
- Electronic commerce
- Export
- Fair
- Finance
- Fishery
- Harvest
- BBA
- Import
- Laissez-faire
- Manufacturing
- Market (economics)
- Marketing
- Marketplace
- Mass production
- Master of Commerce
- Merchandising
- Roman commerce
- Trade
- International trade
- Value (economics)
