The Enterprise and Economic Development Glossary

a resource of the .network library

commerce:

... an exchange by agreement of something of commercial value during which an enterprisal transaction is facilitated; activities surrounding reciprocal agreements involving delivery and acceptance of a product or service for which there is a payment in returna sale when the recompense is money or, if otherwise something else of value, a barter.

commercial development:

... real estate changed or undergoing change so that it is useful for locating the facilities and operations of commercial enterprisessee the definition of commercial enterprise below. Commercial property development begins with real property which is designated or zoned for the specific use indicated and systematically improved according to a plan. Sites may be organized as parks or used for single commercial real estate developments. The location, expansion or startup of business operations is defined as commercial enterprise developmentsee the definition of enterprise development. Also, see the definition of commercial district which may also be referred to as the commercial center of a community, i.e., downtown as defined by Dictionary.Babaylon.com

commercial enterprise:

... a for-profit business operation that directly accommodates or transacts with buyers in the exchange of goods, services, or commodities as opposed to an industrial or nonprofit operation. Offices and for-profit operations that provide entertainment and other services or accommodations are included among commercial enterprises.

See the Enterprise Development and Site Selection sections of the .network library

definition of commerce / definition of commercial development

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