global commerce
Global commerce refers to the exchange of goods and services across international borders. It involves businesses and consumers from different countries engaging in trade, which can include importing and exporting products. This interconnected system allows countries to access resources and products that may not be available locally, fostering economic growth and development.
The rise of technology and the internet has significantly impacted global commerce, making it easier for companies to reach international markets. Platforms like e-commerce websites enable businesses to sell products worldwide, while trade agreements between countries can reduce tariffs and promote smoother transactions, benefiting both consumers and producers.