Aside from retail, supply can be delivered to Demand through the system of commerce.
“Commerce” comes from the Latin word “commercium” which means to trade.
Historically, commerce involved both barter and money exchanges. It meant bringing products from one place to another.
Therefore, commerce has 2 ideas:
Trade
Trade is made up of the rules and conventions to facilitate the exchange. This will be discussed in Parts 2-4.
Logistics
This the physical transportation and storage of the products.
Xcommerce
But since selfishness and money has dominated the minds of humans since the French Revolution (imposed by the Europeans through the colonial system), we have to go with the current usage. We create a new term called Xcommerce:
Commerce is trade by money only
Xcommerce is trade by exchange, whether by money or in kind. This is in line with the original definition of commerce
