Commerce!!!!!!!!!! What Is Commerce? • Commerce is a branch of production which deals with the exchange of goods and services from producer to final consumer. History of Commerce • Some people have been • able to trace the origins of commerce to the very start of communication in prehistoric times. • Peter Watson, the historian, dates the history of long-distance commerce from circa 150,000 years ago Where is Commerce used? • Commerce as explained in the “what is commerce” section is a “branch of production which deals with the exchange of goods and services from producer to final consumer • But to be more specific about where it is used in places such as banks for the trading of money, the trading of economic value such as goods and used for shopping online Some more examples of commerce • Automated Teller Machine (ATM) • The purpose of an ATM cash machine is to allow you to withdraw any amount of money from your credit card. • In order to do this your credit card must be swiped into the cash machine and your pin number needs to be entered, once have done this you select the desired amount you wish to withdraw and the cash machine gives you that money. • This is an example of commerce as it demonstrates bank’s trading money. • 24/7 access for customers Online Shopping!!!!!!!!! • Online shopping is beginning to attract many people’s attention, online shopping also has its benefits for example, it is easy for the elderly as they will not have to go out if they have mobility issues or if its raining. • Even if what you are looking for isn't in any of the 1st hand online shops, then your chances of finding what you are looking for will be greatly increased if you were to look on online bidding sites such as eBay where other people sell items 2nd hand. • However when shopping on eBay you will need to make sure that when selecting the person you are going to buy the item from has positive feedback from other buyers. There have been many cases where people have paid x amount of money for an item but never actually received it • Online shopping also has its benefits for young people as well, if there is a particular item you are trying to find say an old record player from the 1960’s which would clearly be hard to come by today, the chances are if you were to shop for this online you would find it The drawbacks to Commerce!!!!!!! • Commerce is very much the technology of the future. It allows to use ATM cash machine’s which are easy to access. The drawback is that with this new technology that’s come in, there is a small minority that may not be able to understand easily how these cash machine’s and using a computer to shop online work. • A survey which was published in November of 1996, showed that 40% of the population had very little knowledge and did not regularly use things such as ATM cash machine’s, shop online or even being able to use mobile phones. Also 80% of the population did not know how to get connected to the internet, and of those who were online only 9% used the internet regularly. The Dangers of Commerce • Relying to much on technology unfortunately bring with it some dangers. For example, if say hospital equipment is faulty life support machine’s or if an ATM cash machine isn't working then how is that person going to be able to stay alive without the assistance of the life support machine, and how are you going to be able to withdraw money if the cash machine isn't working. • Also software bugs can be picked up by machines which can completely wipe out any information stored within that cash machine/ computer.