Want to say commercial system differently? Here are other words for commercial system and its similar synonyms and opposite words to say in unique way.
Meaning of commercial system
A commercial system refers to the network of institutions, relationships, and processes that facilitate the exchange of goods and services in a society.
Etymology of commercial system
The term "commercial" comes from the Latin "commercialis," meaning "of or pertaining to trade," which is derived from "commercium," meaning "trade" or "commerce."
The word "system" comes from the Latin "systema," meaning "a whole composed of parts," which is derived from the Greek "systema," meaning "a whole composed of parts."
The phrase "commercial system" has been used since the 18th century to describe the network of institutions and relationships that facilitate trade and commerce in a society.
Synonyms
Definitions
- A system for producing, distributing, and exchanging goods and services, characterized by the presence of markets, competition, and the pursuit of profit.
- * The organization of economic activity in a society, including the rules, norms, and institutions that govern the production, distribution, and exchange of goods and services.
Usage Examples
- The company's commercial system allows it to efficiently manage its supply chain and distribute products to customers worldwide.
- * The country's commercial system is characterized by a mix of state-owned and private enterprises, with a strong emphasis on export-led growth.
- * The development of a commercial system is essential for the growth and prosperity of a nation.