Both Nadal and Federer won eleven singles titles and four ATP Masters Series titles in 2005. Nadal broke Mats Wilander's previous teenage record of nine in 1983. Nine of Nadal's titles were on clay, and the remainder were on hard courts.
The exchange of merchandise on a large scale between different places or communities. Although the terms commerce and trade are often used interchangeably, commerce refers to large-scale business activity, while trade describes commercial traffic within a state or a community.
Definition. An organization or economic system where goods and services are exchanged for one another or for money. Every business requires some form of investment and enough customers to whom its output can be sold on a consistent basis in order to make a profit. Businesses can be privately owned, not-for-profit or state-owned.