Commercially: meaning, definitions and examples

Etymology

• The word comes from the Latin 'commercialis', which means 'relating to trade'.
• It entered English in the late 15th century, originally referring to trade activities.
• The root 'come' in Latin means 'together', highlighting that trade involves many people coming together.

Economic Significance

• Commercial activities are critical for economic growth, as they drive market demand and job creation.
• Many countries measure their progress through Gross Domestic Product (GDP), which includes commercial activities.
• The rise of e-commerce is transforming how we think about commercial transactions, making it easier to buy and sell online.

Pop Culture

• Television commercials are a primary way companies advertise their products, often creating memorable jingles.
• The film industry often releases 'commercially successful' blockbusters aimed at maximizing box office returns.
• Social media influencers engage in commercially oriented partnerships to promote products to their followers.

Legal Aspects

• Commercial law governs the rights, relations, and conduct of persons and businesses engaged in commerce.
• Contracts in commercial transactions are legally binding and must follow established regulations to be enforceable.
• Intellectual property rights are crucial in commercial contexts, protecting ideas and inventions in the marketplace.

Business Practices

• Commercially viable solutions are developed by businesses to ensure products meet market demands.
• Companies conduct market research to understand consumer behavior and enhance commercial success.
• Branding and advertising are essential components of commercial strategy aimed at attracting customers.

At #7,215 in frequency, this word belongs to advanced vocabulary. It's less common than core vocabulary but important for sophisticated expression.

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