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SS1: COMMERCE - 1ST TERM

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  1. Introduction to Commerce | Week 1
    3 Topics
    |
    2 Quizzes
  2. E-Commerce | Week 2
    3 Topics
  3. The Barter System | Week 3
    1 Topic
    |
    1 Quiz
  4. Occupation | Week 4
    1 Topic
  5. Services | Week 5
    2 Topics
    |
    1 Quiz
  6. Production, Division of Labour, Specialization & Exchange I | Week 6
    3 Topics
  7. Production, Division of Labour, Specialization & Exchange II | Week 7
    2 Topics
    |
    1 Quiz
  8. Retail Trade / Home Trade | Week 8
    5 Topics
  9. Small Scale Retailing | Week 9
    6 Topics
  10. Large Scale Retailing | Week 10
    9 Topics
    |
    1 Quiz



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The following are the features of commerce.

(a) Commerce study human beings and their activities towards production, distribution, exchange of goods and services and their attitude towards their basic needs and wants, so commerce is also regarded as a social science like economics, sociology, psychology, government, etc which study human beings and their unpredictable behaviour with their social and legal environment.

(b) Commerce is all about trade and aids to trade.

(c) The Scope of Commerce revolves around distribution and exchange to ensure an equitable supply of goods and services.

(d) Commerce is an integral part of economic and business activities in an economy or a country through an advanced stage of trade.

(e) Commerce at the initial stage took the form of goods exchange for goods or services which is referred to as trade by barter. Modern commerce is enhanced by the use of money for the exchange of goods and services through an element of the barter system called countertrade.

(f) Commerce is all about the enhancement of human survival the growth of a nation through improved various commercial activities.

(g) Commerce is mainly buying and selling of goods and services and all activities that facilitate trade.

Evaluation Questions

  1. What is Commerce?
  2. With the aid of a diagram, illustrate the scope of Commerce
  3. Distinguish between trade and Commerce
  4. Explain three commercial activities that facilitate buying and selling
  5. State and explain five functions of Commerce in an economy.
  6. State and explain the importance of any five ancillary services to trade

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