Commerce is a word that speaks of trade, or more precisely, an interchange of goods and commodities, usually between two countries. So, if one country gets oil from the Middle East, then this falls under commerce. Or if a country get soybeans. I think you get the picture.
Economics is the broader term that encompasses commerce, but other things that deal with finances. For example, the equities markets fall under the larger rubric of economics. So, does things that pertains to the internal state of a country, such as consumer spending.
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