Definition, Meaning & Synonyms

global-commerce

noun

/ˈɡloʊbəl ˈkɒmɜːrs/

Definition

Global commerce refers to the buying and selling of goods and services across international borders, involving multiple countries and their respective markets.

Examples

The rise of the internet has significantly boosted global commerce.
Companies today must adapt to the challenges of global commerce in order to remain competitive.
Global commerce allows consumers to access products from around the world.

Meaning

The practice of conducting commercial transactions worldwide, where businesses operate on a global scale and cater to customers from different nations.