What's the difference between commerce and economy?

Commerce


Definition:

  • (n.) 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.
  • (n.) Social intercourse; the dealings of one person or class in society with another; familiarity.
  • (n.) Sexual intercourse.
  • (n.) A round game at cards, in which the cards are subject to exchange, barter, or trade.
  • (v. i.) To carry on trade; to traffic.
  • (v. i.) To hold intercourse; to commune.

Example Sentences:

  • (1) This has "nothing to do with any of our businesses," Koch spokespeople were quoted as telling the congressman's staff members in a May 20 letter that Waxman sent to Reps. Fred Upton (R-Mich.), the Energy and Commerce Committee chair, and Ed Whitfield (R-Ky.), who chairs the Energy and Power Subcommittee.
  • (2) The British Chambers of Commerce warned the situation was unlikely to improve while banks continued to impose high charges for overdrafts and loans.
  • (3) In his UN general assembly address Tuesday, US president Obama referred to the "extraordinary potential" of the Iranian people "in commerce and culture; in science and education."
  • (4) Oregon representative Greg Walden, chair of the House energy and commerce committee, which approved the bill on a party-line vote, dismissed the opinions of such groups, which include the AARP, the American Hospital Association and the American Medical Association, as part of a “medical-industrial complex”.
  • (5) The Greek government’s defiant stance came as the head of the Hellenic Chambers of Commerce , Constantine Michalos, said he did not believe Greece’s banks would be able to reopen next Tuesday without further funding, telling the Daily Telegraph he had been told cash reserves were down to €500m.
  • (6) Ulivarri, the president of the Rio Bravo chamber of commerce, knew that the body might disappear for good if he did not move quickly, but he did not want to risk a confrontation with either gang, who are both known to monitor the road.
  • (7) David Cameron (@David_Cameron) Royal Mail privatisation is about delivering investment, ensuring a 1st class service that's vital #forhardworkingpeople September 12, 2013 11.33am BST The British Chambers of Commerce is more cautious than the IoD.
  • (8) "It's similar to commerce, in that there's an end-product that is being shared.
  • (9) The 10,000-sq ft gatehouse has a 12-seat cinema and staff quarters, and sits opposite the home of the current commerce secretary, Penny Pritzker.
  • (10) The authors have studied the illegal commerce of alcohol in popular urban communities.
  • (11) But in China, the retail market developed in parallel with e-commerce, and the threat looks very different.
  • (12) Content in the app is a mixture of episode descriptions, quizzes, tweets, cast information and playable clips of every song on the soundtrack, with links to buy song downloads, TV episodes and merchandise – the latter through a partnership with e-commerce firm Delivery Agent.
  • (13) The head of the World Trade Organisation (WTO) yesterday urged diplomats to stop bickering about a mini package of liberalisation designed to boost global commerce and warned of serious damage to the 20-year-old institution if last-ditch talks failed.
  • (14) However, John Longworth, the director general of the British Chambers of Commerce, called on the government to act on Beecroft's proposal "without delay".
  • (15) California Consumers Against Higher Prices (CCAHP), a coalition that includes the California Restaurant Association and the California Chamber of Commerce, formed in early March to oppose a proposed ballot initiative that would have also sought to increase the minimum wage to $15 per hour.
  • (16) Just beyond the cordon, everyday life in one of the capital’s busiest areas for tourism and other commerce continued as best it could, with the addition of TV news crews gathered as close as possible to the scene, mainly by Lambeth Bridge, to the west of parliament, and just over the river on the South Bank.
  • (17) The US is not a claimant but says it has an interest in maintaining peace and stability there, and freedom of navigation and commerce.
  • (18) A study by India's Associated Chambers of Commerce and Industry said that foreign tourist visits to India had dropped 25% in the three months after the rape and murder of the Delhi woman.
  • (19) The Commerce Department said GDP increased by a 3.7% seasonally adjusted annual rate in the second quarter of 2015, up from the initial estimate of 2.3% growth.
  • (20) It used to be that when it was cold, they would just say that there are indoor jobs for cold weather, and he would work year-round,” said Gertz, who lives in Commerce City, Colorado, just outside Denver.

Economy


Definition:

  • (n.) The management of domestic affairs; the regulation and government of household matters; especially as they concern expense or disbursement; as, a careful economy.
  • (n.) 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.
  • (n.) 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.
  • (n.) 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.

Example Sentences:

  • (1) Two of the largest markets are Germany and South Korea, often held up as shining examples of export-led economies.
  • (2) King also described how representatives of every country at this month's G7 meeting in Canada seemed to be relying on an export-led recovery to revive their economies.
  • (3) Today’s figures tell us little about the timing of the first increase in interest rates, which will depend on bigger picture news on domestic growth, pay trends and perceived downside risks in the global economy,” he said.
  • (4) Maybe the world economy goes tits up again, only this time we punish the rich instead of the poor.
  • (5) It is widely seen as a counter to China’s economic might in Asia, and the world’s second largest economy is notably absent from the list of signatories.
  • (6) Swedes tend to see generous shared parental leave as good for the economy, since it prevents the nation's investment in women's education and expertise from going to waste.
  • (7) October 23, 2013 3.55pm BST Another reason to be concerned about the global economy - Canada's central bank has slashed its economic forecasts for the US.
  • (8) The last time Vince Cable had a seat in the business department, it was during a high noon of industrial action and state interference in the economy.
  • (9) "Runners, for instance, need a high level of running economy, which comes from skill acquisition and putting in the miles," says Scrivener, "But they could effectively ease off the long runs and reduce the overall mileage by introducing Tabata training.
  • (10) It is worth noting though that the government is reaping scant reward in the polls even though the economy has expanded by more than 3% over the past year and – according to the IMF – will be the fastest growing of the G7 economies this year.
  • (11) Gerhard Schröder , Merkel’s immediate predecessor, had pushed through parliament a radical reform agenda to get the country’s spluttering economy back on track.
  • (12) Cable argued that the additional £30bn austerity proposed by the chancellor after 2015 went beyond the joint coalition commitment to eradicate the structural part of the UK's current budget deficit – the part of non-investment spending that will not disappear even when the economy has fully emerged from the recession of 2008-09.
  • (13) Yes, we need consumption to get the economy moving, but if you spend more than you have, you’re not helping anyone and certainly not helping yourself.
  • (14) China’s stock market rout Shanghai stocks Chinese shares have tumbled in recent weeks against the backdrop of a slowdown in the world’s second-largest economy .
  • (15) Unfortunately, under the Faustian pact we have witnessed a double whammy: fiscal policy being used to reduce government spending when the economy is already depressed.
  • (16) This has been manageable, even beneficial to the economy when people slowly climbed the property ladder.
  • (17) "It will mean root-and-branch change for our banks if we are to deliver real change for Britain, if we are to rebuild our economy so it works for working people, and if we are to restore trust in a sector of our economy worth billions of pounds and hundreds of thousands of jobs to our country."
  • (18) It is right that the food banks feed those who would otherwise go hungry, offering a picture of a different kind of economy, though they can do little to address the causes of hunger.
  • (19) Tim Moore, senior economist at Markit, said: "Construction is no longer the weakest link in the UK economy.
  • (20) The deal will also be scrutinised to see if its claims of new billions to jump start world economies prove to be inflated.