Commerce in the context of "United States Mint"

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⭐ Core Definition: Commerce

Commerce is the organized system of activities, functions, procedures and institutions that directly or indirectly contribute to the smooth, unhindered exchange of goods, services, and other things of value—predominantly through transactional processes—at the right time, place, quantity, quality and price through various channels among the original producers and the final consumers within local, regional, national or international economies. The diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage are the principal factors that give rise to commercial exchanges.

Commerce consists of trade and aids to trade (i.e. auxiliary commercial services) taking place along the entire supply chain. Trade is the exchange of goods (including raw materials, intermediate and finished goods) and services between buyers and sellers in return for an agreed-upon price at traditional (or online) marketplaces. It is categorized into domestic trade, including retail and wholesale as well as local, regional, inter-regional and international/foreign trade (encompassing import, export and entrepôt/re-export trades). The exchange of currencies (in foreign exchange markets), commodities (in commodity markets/exchanges) and securities and derivatives (in stock exchanges and financial markets) in specialized exchange markets, typically operating under the domain of finance and investment, also falls under the umbrella of trade. On the other hand, auxiliary commercial activities (aids to trade) which can facilitate trade include commercial intermediaries, banking, credit financing and related services, transportation, packaging, warehousing, communication, advertising and insurance. Their purpose is to remove hindrances related to direct personal contact, payments, savings, funding, separation of place and time, product protection and preservation, knowledge and risk.

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Commerce in the context of Minerva

Minerva (/mɪˈnɜːrvə/; Latin: [mɪˈnɛru̯ä]; Etruscan: Menrva) is the Roman goddess of wisdom, justice, law, victory, and the sponsor of arts, trade, and strategy. She is also a goddess of warfare, though with a focus on strategic warfare, rather than the violence of gods such as Mars. Beginning in the second century BC, the Romans equated her with the Greek goddess Athena. Minerva is one of the three Roman deities in the Capitoline Triad, along with Jupiter and Juno.

Minerva is a virgin goddess. Her domain includes music, poetry, medicine, wisdom, commerce, weaving, and the crafts. Minerva is often depicted with her sacred creature, an owl usually named the "owl of Minerva" which symbolised her association with wisdom and knowledge, as well as, less frequently, the snake and the olive tree. Minerva is commonly depicted as tall with an athletic and muscular build. She is often wearing armour and carrying a spear. As an important Roman goddess, she is highly revered, honored, and respected. Marcus Terentius Varro considered her to be ideal and the plan for the universe personified.

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Commerce in the context of City centre

A city centre, also known as an urban core, is the commercial, cultural and often the historical, political, and geographic heart of a city. The term "city centre" is primarily used in British English, and closely equivalent terms that exist in other languages, such as "centre-ville" in French, Stadtzentrum in German, or shìzhōngxīn (市中心) in Chinese. In the United States, the term "downtown" is generally used, though a few cities, like Philadelphia, use the term "Center City" or "City Center".

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Commerce in the context of Central business district

A central business district (CBD) is the commercial and business center of a city. It contains commercial space and offices, and in larger cities will often be described as a financial district. Geographically, it often coincides with the "city centre" or "downtown". However, these concepts are not necessarily synonymous: many cities have a central business district located away from its traditional city center, and there may be multiple CBDs within a single urban area. The CBD will often be highly accessible and have a large variety and concentration of specialised goods and services compared to other parts of the city.

In Chicago, the Chicago Loop is the second-largest central business district in the United States. It is also referred to as the core of the city's downtown.

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Commerce in the context of Commercial area

Commercial area, commercial district or commercial zone in a city is an area, district, or neighborhoods primarily composed of commercial buildings, such as a strip mall, office parks, downtown, central business district, financial district, "Main Street", or shopping centers. Commercial activity within cities includes the buying and selling of goods and services in retail businesses, wholesale buying and selling, financial establishments, and a wide variety of uses that are broadly classified as "business." While commercial activities typically take up a relatively small amount of land, they are extremely important to a community's economy. They provide employment, facilitate the circulation of money, and often serve many other roles important to the community, such as public gathering and cultural events.

A commercial area is real estate intended for use by for-profit businesses, such as office complexes, shopping malls, service stations, bars and restaurants. It may be purchased outright by a developer for future projects or leased through a real estate broker. This type of property falls somewhere between residential and industrial property.Practically every incomer must grant permission to build a new office complex or other profit-making business, the city government must determine that the chosen area is indeed commercial area. If the zones which separate commercial, industrial, and residential area are clearly zoned for commercial use, the city will allow the sale to proceed for the stated use. If any part of the property extends into a residential or industrial zone, however, then the buyer must seek a 'variance', special permission to cross over a zone boundary.

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Commerce in the context of Paris

Paris is the capital and largest city of France, with an estimated city population of 2,048,472 in an area of 105.4 km (40.7 sq mi), and a metropolitan population of 13,171,056 as of January 2025. Located on the river Seine in the centre of the Île-de-France region, it is the largest metropolitan area and fourth-most populous city in the European Union (EU). Nicknamed the City of Light, partly because of its role in the Age of Enlightenment, Paris has been one of the world's major centres of finance, diplomacy, commerce, culture, fashion, and gastronomy since the 17th century.

Administratively, Paris is divided into twenty arrondissements (districts), each having their own cultural identity. Haussmann's renovation of Paris, which created new boulevards, parks, and public works, gave birth to a modern city known as the "capital of the 19th century". Paris is a major railway, motorway, and air-transport hub; in 2024 Charles de Gaulle Airport was the EU's busiest airport. Paris has one of the most sustainable transportation systems and is one of only two cities in the world that has received the Sustainable Transport Award twice. Its Art Nouveau-decorated Métro has become a symbol of the city. Paris is known for its museums and architectural landmarks: the Musée d'Orsay, Musée Marmottan Monet, and Musée de l'Orangerie are noted for their collections of French Impressionist art, while the Musée National d'Art Moderne, Musée Rodin, and Musée Picasso are noted for their collections of modern and contemporary art. Parts of the city along the Seine have been designated as a UNESCO World Heritage Site since 1991.

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Commerce in the context of Dallas–Fort Worth metroplex

The Dallas–Fort Worth metroplex, officially designated Dallas–Fort Worth–Arlington by the U.S. Office of Management and Budget, is the most populous metropolitan statistical area in the U.S. state of Texas and the Southern U.S., encompassing 11 counties. Its historically dominant core cities are Dallas and Fort Worth. It is the economic and cultural hub of North Texas. Residents of the area also refer to it as DFW (the code for Dallas Fort Worth International Airport) or the Metroplex. The Dallas–Fort Worth–Arlington metropolitan statistical area's population was 7,637,387 according to the U.S. Census Bureau's 2020 census, making it the fourth-largest metropolitan area in the U.S. and the eleventh-largest in the Americas. In 2016, the Dallas–Fort Worth metroplex had the highest annual population growth in the United States. By 2023, the U.S. Census Bureau estimated that the Dallas-Fort Worth metropolitan area's population had increased to 8,100,037, with the highest numerical growth of any metropolitan area in the United States. By 2025, NCTCOG estimated that the Dallas-Fort Worth metropolitan area's population had increased to around 8,578,654 million residents, making the Dallas-Fort Worth metropolitan area around 1.42 million residents from becoming a megacity.

The metropolitan region's economy, also referred to as Silicon Prairie, is primarily based on banking, commerce, insurance, telecommunications, technology, energy, healthcare, medical research, transportation, manufacturing, and logistics. As of 2022, Dallas–Fort Worth is home to 23 Fortune 500 companies, the 4th-largest concentration of Fortune 500 companies in the United States behind New York City (62), Chicago (35), and Houston (24). In 2016, the metropolitan economy surpassed Houston, the second largest metro area in Texas, to become the fourth-largest in the U.S. The Dallas–Fort Worth metroplex boasted a GDP of just over $620.6 billion in 2020 (although both metropolitan regions have switched places multiple times since GDP began recording). If the Metroplex were a sovereign state, it would have the twentieth largest economy in the world as of 2019. In 2015, the conurbated metropolitan area would rank the ninth-largest economy if it were a U.S. state. In 2020, Dallas–Fort Worth was recognized as the 36th best metropolitan area for STEM professionals in the U.S.

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Commerce in the context of Intensive agriculture

Intensive agriculture, also known as intensive farming (as opposed to extensive farming), conventional, or industrial agriculture, is a type of agriculture, both of crop plants and of animals, with higher levels of input and output per unit of agricultural land area. It is characterized by a low fallow ratio, higher use of inputs such as capital, labour, agrochemicals and water, and higher crop yields per unit land area.

Most commercial agriculture is intensive in one or more ways. Forms that rely heavily on industrial methods are often called industrial agriculture, which is characterized by technologies designed to increase yield. Techniques include planting multiple crops per year, reducing the frequency of fallow years, improving cultivars, mechanised agriculture, controlled by increased and more detailed analysis of growing conditions, including weather, soil, water, weeds, and pests. Modern methods frequently involve increased use of non-biotic inputs, such as fertilizers, plant growth regulators, pesticides, and antibiotics for livestock. Intensive farms are widespread in developed nations and increasingly prevalent worldwide. Most of the meat, dairy products, eggs, fruits, and vegetables available in supermarkets are produced by such farms.

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Commerce in the context of Tourism

Tourism is travel for pleasure, and the commercial activity of providing and supporting such travel. UN Tourism defines tourism more generally, in terms which go "beyond the common perception of tourism as being limited to holiday activity only", as people "travelling to and staying in places outside their usual environment for not more than one consecutive year for leisure and not less than 24 hours, business and other purposes". Tourism can be domestic (within the traveller's own country) or international. International tourism has both incoming and outgoing implications on a country's balance of payments.

Between the second half of 2008 and the end of 2009, tourism numbers declined due to a severe economic slowdown (see Great Recession) and the outbreak of the 2009 H1N1 influenza virus. These numbers, however, recovered until the COVID-19 pandemic put an abrupt end to the growth. The United Nations World Tourism Organization has estimated that global international tourist arrivals might have decreased by 58% to 78% in 2020, leading to a potential loss of US$0.9–1.2 trillion in international tourism receipts.

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Commerce in the context of Financial centre

A financial centre (financial center in American English) or financial hub is a location with a significant concentration of commerce in financial services.

The commercial activity that takes place in a financial centre may include banking, asset management, insurance, and provision of financial markets, with venues and supporting services for these activities. Participants can include financial intermediaries (such as banks and brokers), institutional investors (such as investment managers, pension funds, insurers, and hedge funds), and issuers (such as companies and governments). Trading activity often takes place on venues such as exchanges and involves clearing houses, although many transactions take place over-the-counter (OTC), directly between participants. Financial centres usually host companies that offer a wide range of financial services, for example relating to mergers and acquisitions, public offerings, or corporate actions; or which participate in other areas of finance, such as private equity, private debt, hedge funds, and reinsurance. Ancillary financial services include rating agencies, as well as provision of related professional services, particularly legal advice and accounting services.

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