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COMMERCE meaning: 1. the activities involved in buying and selling things: 2. the activities involved in buying and…. Learn more. What does commerce mean? Commerce refers to the buying and selling of goods and products, especially on a large scale, as in New York City is a major center of commerce where billions of dollars are exchanged every day. Definition of commerce noun in Oxford Advanced Learner's Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more. Guide to what is Commerce and its meaning. Here we explain how commerce in business works, its types along with examples.