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JSS1: BUSINESS STUDIES - 1ST TERM

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  1. Introduction to Business Studies | Week 1
    4Topics
    |
    1 Quiz
  2. The Office | Week 2
    4Topics
    |
    1 Quiz
  3. The Clerical Staff | Week 3
    4Topics
    |
    1 Quiz
  4. Right Attitude to Work | Week 4
    5Topics
    |
    1 Quiz
  5. The Departments in an Office or Organisation | Week 5
    3Topics
    |
    1 Quiz
  6. Introduction to Commerce | Week 6
    3Topics
    |
    1 Quiz
  7. Division of Commerce | Week 7
    5Topics
    |
    1 Quiz
  8. Production | Week 8
    5Topics
    |
    1 Quiz
  9. Factors of Production | Week 9
    2Topics
    |
    1 Quiz
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What is Trade?

Trade is the buying and selling of goods and services, in order to satisfy human wants. Before the introduction of money which serves as a medium of exchange, trade was carried out in the form of barter.

Trade by barter is a system where goods are exchanged for other goods.  For example, a maize farmer exchanging his maize for the yam of another farmer.

Those who buy and sell to other people are called traders.

Trade can be broadly divided into two:

1. Home Trade.

2. Foreign Trade.

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