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Economy vs. Commerce — What's the Difference?

Economy vs. Commerce — What's the Difference?

Difference Between Economy and Commerce

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Economy

An economy (from Greek οίκος – "household" and νέμoμαι – "manage") is an area of the production, distribution and trade, as well as consumption of goods and services by different agents. In general, it is defined 'as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of resources'.
Dec 03, 2022

Commerce

Commerce is the exchange of goods and services, especially on a large scale.
Dec 03, 2022

Economy

Careful, thrifty management of resources, such as money, materials, or labor
Learned to practice economy in making out the household budget.
Dec 03, 2022

Commerce

The buying and selling of goods, especially on a large scale, as between cities or nations.
Dec 03, 2022

Economy

An example or result of such management; a saving.
Dec 03, 2022
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Commerce

Intellectual exchange or social interaction.
Dec 03, 2022

Economy

The system or range of economic activity in a country, region, or community
Effects of inflation were felt at every level of the economy.
Dec 03, 2022

Commerce

Sexual intercourse.
Dec 03, 2022

Economy

A specific type of economic system
An industrial economy.
A planned economy.
Dec 03, 2022

Commerce

(business) The exchange or buying and selling of commodities; especially the exchange of merchandise, on a large scale, between different places or communities; extended trade or traffic.
Dec 03, 2022

Economy

An orderly, functional arrangement of parts; an organized system
"the sense that there is a moral economy in the world, that good is rewarded and evil is punished" (George F. Will).
Dec 03, 2022

Commerce

Social intercourse; the dealings of one person or class in society with another; familiarity.
Dec 03, 2022

Economy

Efficient, sparing, or conservative use
Wrote with an economy of language.
Dec 03, 2022

Commerce

(obsolete) Sexual intercourse.
Dec 03, 2022

Economy

The least expensive class of accommodations, especially on a commercial conveyance, such as an airplane.
Dec 03, 2022

Commerce

An 18th-century French card game in which the cards are subject to exchange, barter, or trade.
Dec 03, 2022

Economy

(Theology) The method of God's government of and activity within the world.
Dec 03, 2022

Commerce

To carry on trade; to traffic.
Dec 03, 2022

Economy

Economical or inexpensive to buy or use
An economy car.
An economy motel.
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Commerce

To hold conversation; to communicate.
Dec 03, 2022

Economy

Effective management of a community or system, or especially its resources.
Dec 03, 2022

Commerce

The exchange or buying and selling of commodities; esp. the exchange of merchandise, on a large scale, between different places or communities; extended trade or traffic.
The public becomes powerful in proportion to the opulence and extensive commerce of private men.
Dec 03, 2022

Economy

The regular operation of nature in the generation, nutrition and preservation of animals or plants.
Animal economy, vegetable economy
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Commerce

Social intercourse; the dealings of one person or class in society with another; familiarity.
Fifteen years of thought, observation, and commerce with the world had made him [Bunyan] wiser.
Dec 03, 2022

Economy

System of management; general regulation and disposition of the affairs of a state or nation, or of any department of government.
Dec 03, 2022

Commerce

Sexual intercourse.
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Economy

A system of rules, regulations, rites and ceremonies.
The Jewish economy
Dec 03, 2022

Commerce

A round game at cards, in which the cards are subject to exchange, barter, or trade.
Dec 03, 2022

Economy

The disposition or arrangement of any work.
The economy of a poem
Dec 03, 2022

Commerce

To carry on trade; to traffic.
Beware you commerce not with bankrupts.
Dec 03, 2022

Economy

The study of money, currency and trade, and the efficient use of resources.
Dec 03, 2022

Commerce

To hold intercourse; to commune.
Commercing with himself.
Musicians . . . taught the people in angelic harmonies to commerce with heaven.
Dec 03, 2022

Economy

Frugal use of resources.
Economy of word
Dec 03, 2022

Commerce

Transactions (sales and purchases) having the objective of supplying commodities (goods and services)
Dec 03, 2022

Economy

The system of production and distribution and consumption. The overall measure of a currency system; as the national economy.
Dec 03, 2022

Commerce

The United States federal department that promotes and administers domestic and foreign trade (including management of the census and the patent office); created in 1913
Dec 03, 2022

Economy

(theology) The method of divine government of the world. (See w:Economy (religion).)
Dec 03, 2022

Commerce

Social exchange, especially of opinions, attitudes, etc.
Dec 03, 2022

Economy

(US) The part of a commercial passenger airplane or train reserved for those paying the lower standard fares; economy class.
Dec 03, 2022

Economy

(archaic) Management of one’s residency.
Dec 03, 2022

Economy

Cheap to run; using minimal resources; representing good value for money; economical.
He bought an economy car.
Economy size.
Dec 03, 2022

Economy

(US) In or via the part of a commercial passenger airplane reserved for those paying the lower standard fares.
Dec 03, 2022

Economy

The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.
Himself busy in charge of the household economies.
Dec 03, 2022

Economy

Orderly arrangement and management of the internal affairs of a state or of any establishment kept up by production and consumption; esp., such management as directly concerns wealth; as, political economy.
Dec 03, 2022

Economy

The system of rules and regulations by which anything is managed; orderly system of regulating the distribution and uses of parts, conceived as the result of wise and economical adaptation in the author, whether human or divine; as, the animal or vegetable economy; the economy of a poem; the Jewish economy.
The position which they [the verb and adjective] hold in the general economy of language.
In the Greek poets, as also in Plautus, we shall see the economy . . . of poems better observed than in Terence.
The Jews already had a Sabbath, which, as citizens and subjects of that economy, they were obliged to keep.
Dec 03, 2022

Economy

Thrifty and frugal housekeeping; management without loss or waste; frugality in expenditure; prudence and disposition to save; as, a housekeeper accustomed to economy but not to parsimony.
I have no other notion of economy than that it is the parent to liberty and ease.
The father was more given to frugality, and the son to riotousness [luxuriousness].
Dec 03, 2022

Economy

The system of production and distribution and consumption
Dec 03, 2022

Economy

The efficient use of resources;
Economy of effort
Dec 03, 2022

Economy

Frugality in the expenditure of money or resources;
The Scots are famous for their economy
Dec 03, 2022

Economy

An act of economizing; reduction in cost;
It was a small economy to walk to work every day
There was a saving of 50 cents
Dec 03, 2022

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