CIM Issues #6571: Rename the top-level package to "Market" to "Commerce" - WG16 Issues - UCAIug Issue Tracking System

CIM Issues #6571

Rename the top-level package to "Market" to "Commerce"

Added by Becky Iverson about 1 year ago. Updated 9 months ago.

Status:

Rejected-Closed

Priority:

Normal

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iec61970cim18v02_iec61968cim14v00_Market04v15

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WG16

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Description

Suggestion was made to consider renaming the top level package from Market to Commerce. Definitions:
Market:
A market refers to the interaction between buyers and sellers where goods and services are exchanged. It can be a physical location, like a bazaar or a shopping mall, or it can be a virtual space, such as an online marketplace. Markets are where supply and demand meet, leading to the buying and selling of products and services.

Commerce:
Commerce encompasses a broader set of activities related to the exchange of goods and services, including production, distribution, buying, selling, advertising, transportation, and finance. Commerce is the overarching system that enables markets to function.

Decision

The term name "Commerce" was not accepted by the UTF 16 group as the name for the IEC62325 package. The package was renamed as "Market".