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Commerce Transport Services
Commerce is the large-scale organized system of activities, functions, procedures and institutions directly and indirectly related to the exchange (buying and selling) of goods and services among two or more parties within local, regional, national or international economies. More specifically, commerce is not business, but rather the part of business which facilitates the movement and distribution of finished or unfinished but valuable goods and services from the producers to the end consumers on a large scale, as opposed to the sourcing of raw materials and manufacturing of those goods. Commerce is subtly different from trade as well, which is the final transaction, exchange or transfer of finished goods and services between a seller and an end consumer. Commerce not only includes trade as defined above, but also a series of transactions that happen between the producer and the seller with the help of the auxiliary services and means which facilitate such trade. These auxiliary ...
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Goods And Services
Goods are items that are usually (but not always) tangible, such as pens, physical books, salt, apples, and hats. Services are activities provided by other people, who include architects, suppliers, contractors, technologists, teachers, doctors, lawn care workers, dentists, barbers, waiters, online servers, a digital book, a digital video game or a digital movie. Taken together, it is the production, distribution, and consumption of goods and services which underpins all economic activity and trade. According to economic theory, consumption of goods and services is assumed to provide utility (satisfaction) to the consumer or end-user, although businesses also consume goods and services in the course of producing other goods and services (see: Distribution: Channels and intermediaries). History Physiocratic economists categorized production into productive labour and unproductive labour. Adam Smith expanded this thought by arguing that any economic activities directly re ...
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Social Network
A social network is a social structure made up of a set of social actors (such as individuals or organizations), sets of dyadic ties, and other social interactions between actors. The social network perspective provides a set of methods for analyzing the structure of whole social entities as well as a variety of theories explaining the patterns observed in these structures. The study of these structures uses social network analysis to identify local and global patterns, locate influential entities, and examine network dynamics. Social networks and the analysis of them is an inherently interdisciplinary academic field which emerged from social psychology, sociology, statistics, and graph theory. Georg Simmel authored early structural theories in sociology emphasizing the dynamics of triads and "web of group affiliations". Jacob Moreno is credited with developing the first sociograms in the 1930s to study interpersonal relationships. These approaches were mathematically formalize ...
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Martha C
Martha (Hebrew: מָרְתָא‎) is a biblical figure described in the Gospels of Luke and John. Together with her siblings Lazarus and Mary of Bethany, she is described as living in the village of Bethany near Jerusalem. She was witness to Jesus resurrecting her brother, Lazarus. Etymology of the name The name ''Martha'' is a Latin transliteration of the Koine Greek Μάρθα, itself a translation of the Aramaic מָרְתָא‎ ''Mârtâ,'' "the mistress" or "the lady", from מרה "mistress," feminine of מר "master." The Aramaic form occurs in a Nabatean inscription found at Puteoli, and now in the Naples Museum; it is dated AD 5 (Corpus Inscr. Semit., 158); also in a Palmyrene inscription, where the Greek translation has the form ''Marthein.'' Pope, Hugh"St. Martha" The Catholic Encyclopedia. Vol. 9. New York: Robert Appleton Company, 1919. Biblical references In the Gospel of Luke, Jesus visits the home of two sisters named Mary and Martha. The two sisters are co ...
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Banking System
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in t ...
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Money
Money is any item or verifiable record that is generally accepted as payment for goods and services and repayment of debts, such as taxes, in a particular country or socio-economic context. The primary functions which distinguish money are as a medium of exchange, a unit of account, a store of value and sometimes, a standard of deferred payment. Money was historically an emergent market phenomenon that possess intrinsic value as a commodity; nearly all contemporary money systems are based on unbacked fiat money without use value. Its value is consequently derived by social convention, having been declared by a government or regulatory entity to be legal tender; that is, it must be accepted as a form of payment within the boundaries of the country, for "all debts, public and private", in the case of the United States dollar. Contexts which erode public confidence, such as the circulation of counterfeit money or domestic hyperinflation, can cause good money to lose its value. ...
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Currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curren ...
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Circa
Circa is a word of Latin origin meaning 'approximately'. Circa or CIRCA may also refer to: * CIRCA (art platform), art platform based in London * Circa (band), a progressive rock supergroup * Circa (company), an American skateboard footwear company * Circa (contemporary circus), an Australian contemporary circus company * Circa District, Abancay Province, Peru * Circa, a disc-binding notebook system * Circa Theatre, in Wellington, New Zealand * Clandestine Insurgent Rebel Clown Army, a UK activist group * Circa News, an online news and entertainment service * Circa Complex, twin skyscrapers in Los Angeles, California * ''Circa'' (album), an album by Michael Cain * Circa Resort & Casino Circa Resort & Casino is a casino and hotel resort in downtown Las Vegas, Nevada, on the Fremont Street Experience. The property was previously occupied by the Las Vegas Club hotel-casino, the Mermaids Casino, and the Glitter Gulch strip club. Ci ...
, a hotel in downtown Las Vegas ...
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History Of International Trade
The history of international trade chronicles notable events that have affected the trade between various countries. In the era before the rise of the nation state, the term 'international' trade cannot be literally applied, but simply means trade over long distances; the sort of movement in goods which would represent international trade in the modern world. Chronology of events Ancient * The domestication of the horse around 4800 BCE allowed for the development of horse riding around 3700 BCE, and long distance travel across the Central Asian steppes. * * The Maritime Jade Road (2000 BCE to 1000 CE) was established by the animist indigenous peoples of Taiwan and the Philippines, and later expanded throughout Southeast Asia. The network operated for 3,000 years. * Indus–Mesopotamia trade * Records from the 19th century BCE attest to the existence of an Assyrian merchant colony at Kanesh in Cappadocia. * The domestication of Dromedary camels around 2,000 BCE allowed ...
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Peter Watson (business Writer)
Peter Frank Patrick Watson (born 23 April 1943) is a British intellectual historian and former journalist, now perhaps best known for his work in the history of ideas. His journalistic work includes detailed investigations of auction houses and the international market in stolen antiquities. Early life Watson attended Cheltenham Grammar School. He graduated in Psychology from Durham in 1964. He subsequently earned a scholarship to study for a diploma in music at La Sapienza and then completed a doctorate at the University of London. Career Journalism (1969-1982) After university Watson trained as a psychologist at the Tavistock Clinic in London under R. D. Laing, but left this profession in the late 1960s after becoming dissatisfied with Freudian theories. Having given up psychology he settled into a career in journalism and edited the first incarnation of ''Race Today'', a journal launched in 1969 by the Institute of Race Relations think-tank. He worked at ''New Societ ...
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Caduceus
The caduceus (☤; ; la, cādūceus, from grc-gre, κηρύκειον "herald's wand, or staff") is the staff carried by Hermes in Greek mythology and consequently by Hermes Trismegistus in Greco-Egyptian mythology. The same staff was also borne by heralds in general, for example by Iris, the messenger of Hera. It is a short staff entwined by two serpents, sometimes surmounted by wings. In Roman iconography, it was often depicted being carried in the left hand of Mercury, the messenger of the gods. Some accounts suggest that the oldest known imagery of the caduceus has its roots in Mesopotamia with the Sumerian god Ningishzida; his symbol, a staff with two snakes intertwined around it, dates back to 4000 BC to 3000 BC. As a symbolic object, it represents Hermes (or the Roman Mercury), and by extension trades, occupations, or undertakings associated with the god. In later Antiquity, the caduceus provided the basis for the astrological symbol representing th ...
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Latin
Latin (, or , ) is a classical language belonging to the Italic branch of the Indo-European languages. Latin was originally a dialect spoken in the lower Tiber area (then known as Latium) around present-day Rome, but through the power of the Roman Republic it became the dominant language in the Italian region and subsequently throughout the Roman Empire. Even after the fall of Western Rome, Latin remained the common language of international communication, science, scholarship and academia in Europe until well into the 18th century, when other regional vernaculars (including its own descendants, the Romance languages) supplanted it in common academic and political usage, and it eventually became a dead language in the modern linguistic definition. Latin is a highly inflected language, with three distinct genders (masculine, feminine, and neuter), six or seven noun cases (nominative, accusative, genitive, dative, ablative, and vocative), five declensions, four verb conjuga ...
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International Chamber Of Commerce
The International Chamber of Commerce (ICC; French: ''Chambre de commerce internationale'') is the largest, most representative business organization in the world. Its over 45 million members in over 100 countries have interests spanning every sector of private enterprise. ICC's current chairman is Ajaypal Singh Banga and John W.H. Denton AO is the current Secretary General. ICC has three main activities: rule setting, dispute resolution, and policy advocacy. Because its member companies and associations are themselves engaged in international business, ICC has unrivalled authority in making rules that govern the conduct of business across borders. Although these rules are voluntary, they are observed in thousands of transactions every day and have become part of international trade. A world network of national committees in over 100 countries advocates business priorities at national and regional level. More than 3,000 experts drawn from ICC's member companies feed their know ...
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