Simple English definitions for legal terms
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Trade and commerce refers to any type of business activity that involves buying, selling, exchanging, or trading goods or services for profit or to meet basic needs. It includes all occupations that involve these activities, such as farming, manufacturing, retail, and transportation. Essentially, trade and commerce is the exchange of goods and services between people or businesses.
Trade and commerce refer to any business activity that involves buying, selling, exchanging, or trading goods or services for profit or subsistence.
Examples of trade and commerce include:
These examples illustrate the elements of bargain and sale, barter, exchange, or traffic that are involved in trade and commerce. In each case, there is a transaction taking place where goods or services are being exchanged for money or other goods/services.