The Wild West of E-Commerce

The word commerce has its origins in the Latin word commercium. “Com-” = “together,” and “-mercium” = “merchandise.” Together, merchandise. The Merriam Webster Dictionary defines “commerce”—somewhat hilariously—as “social intercourse.” That’s effectively what commerce is: people coming together to trade goods and services.

One of the earliest recorded forms of commerce was cattle trade around 10,000 B.C. Cattle had a fixed value and were exchanged for goods and services. The Latin word for money, pecunia, comes from pecus, the Latin word for cattle. Nowadays, commerce involves less cattle and more Apple Pay—which it turns out is more convenient—but continues to power the economy.

In the early days of the pandemic, this chart was all the rage:

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Πηγή: digitalnative.substack.com