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Preferred term

commerce  

Definition

  • Commerce did not become an explicit part of political theorizing until the early modern period. This entry describes notions of commerce in the ancient and medieval worlds, its growing importance as part of global trade and colonization, the evolution of free-market theory, and the further elaboration of the concept of commerce during the nineteenth century. [Source: Encyclopedia of Political Theory; Commerce]

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https://concepts.sagepub.com/social-science/concept/commerce

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