The United States Secretary of Commerce leads the Department of Commerce, which deals with foreign and domestic trade issues. The agency aims to encourage trade, job growth, technical innovation, and a business-friendly economic climate. The Secretary of Commerce is a member of the Presidential Cabinet and advises the President on trade issues. The position is […]
The Energy and Commerce Committee of the US House of Representatives has existed for over 200 years, with a focus on protecting the consumer. It has jurisdiction over public health, telecommunications, and energy supply, and has multiple subcommittees. The committee has changed names several times, with the current name reflecting a focus on energy supply […]
The Interstate Commerce Act of 1887 shifted the responsibility of regulating the US economy from individual states to the federal government, creating the Interstate Commerce Commission (ICC). The act required rail and shipping rates to be reasonable and fair, outlawed secret discounts and price discrimination, and gave the ICC the power to enforce its provisions […]
The Senate Commerce Committee regulates commerce and has jurisdiction over 19 areas related to commerce, science, and technology. Its work includes reviewing federal department operations and budgets, holding hearings on nominees, and introducing new issues. Political considerations and lobbyists also influence its activities. The Senate Commerce Committee is one of 20 standing and select committees […]
Crocs Footwear is a brand of light, functional shoes designed mainly for beachwear. They have a strap at the back and are available in a wide variety of colors. The shoes became popular in 2006 and are now worn for work, shopping, and play. They are available in sizes for children and adults. Although first […]
International trade has existed since ancient times, with benefits and consequences. It increases national GDP and economic opportunities, but can create a cycle of dependency between producing and consuming nations. Trade in goods, services, and capital on the FOREX market are all aspects of foreign trade. Fair trade, free trade, and profits are important for […]
The House Commerce Committee regulates domestic economic activity and consumer rights in the US. It has five subcommittees dealing with specific areas of economic policy, including commerce, communications, energy and the environment, health, and oversight and investigations. Founded in 1795, its role has grown with the expanding US economy and legal interpretation of the Interstate […]
Social commerce integrates online shopping with social networking, allowing consumers to get advice from trusted sources before making a purchase. Features such as user ratings, comments, and content sharing are used to generate leads and increase sales. Marketers must talk to consumers and encourage conversations to build relationships and increase product sharing. New features, such […]
Chambers of Commerce are professional associations of local businesses that promote local business opportunities and lead civic projects. Membership is voluntary and ranges from small businesses to large corporations. The first Chamber of Commerce was likely started during the Middle Ages. A Chamber of Commerce is a professional affiliation of local businesses, often associated with […]
Social commerce integrates online commerce with social media, offering features such as user ratings, comments, forums, and sharing. It encourages consumers to get advice from people they trust, share product information, and deepen customer relationships. Companies can benefit from free advertising and increased sales. Social commerce is constantly expanding with new features, such as Facebook […]
