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SS1: COMMERCE - 1ST TERM

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  1. Introduction to Commerce | Week 1
    3 Topics
    |
    1 Quiz
  2. E-Commerce | Week 2
    1 Topic
    |
    1 Quiz
  3. History of Commerce | Week 3
    3 Topics
    |
    1 Quiz
  4. Occupation I | Week 4
    1 Topic
  5. Occupation II | Week 5
    3 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. Home Trade | Week 8
    6 Topics
  9. Small Scale Retailing | Week 9
    6 Topics
  10. Large Scale Retailing | Week 10
    9 Topics
    |
    1 Quiz



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occupation

Definition of Occupation

Occupation can be defined as a legal job, profession or any productive activity engaged by an individual to earn a living and to satisfy his numerous wants, e.g teaching, fishing, medicine, etc.

Classification of Occupation:

occupation

Occupation can be classified into three main categories which are namely;

(1) Industrial
(2) Commercial
(3) Services

1. Industrial Occupation:

builder
Builders in construction.

This embraces all economics and productive activities involving the actual production of tangible economic goods to satisfy human wants. It involves the transformation of raw materials into finished goods and the construction of tangible goods.

Everyone that does this type of job is said to be involved in industrial activities.

Types of Industrial Occupations:

Industrial Occupation is subdivided into three;

i. Extractive occupation: People who engage in this job obtain raw materials from natural resources such as the sea, soil, forest atmosphere, etc. Farming, fishing, hunting, quarrying, lumbering, mining, etc are some examples of industrial occupation. People who carry out these activities assist in the extraction of farm produce, mineral resources, crude oil, etc.

ii. Manufacturing Occupation: This stage of occupation helps to transform or convert raw materials into finished or semi-finished goods. Utility is added to the raw materials from the extractive industries. Examples of manufactured goods are beverages, shoe-making detergents soap, processed foods (corn flakes, bread, corn beef biscuits, etc), rubber plates, spoons, tyres, and many others.

iii. Constructive Occupation: This industry engages people whose job is to assemble different components or parts into useful durable goods. The components are products of the industrial and manufacturing occupations. Constructions of roads, bridges, and building construction are some of examples of constructive occupation. The construction industry also includes jobs in carpentry, and home design.

2. Commercial Occupation:

Copy of Copy of Copy of cover course page72
Banker.

This occupation is mainly trading and other activities that form a support to the trading activities such as banking, insurance, transportation warehousing, etc. This occupation helps to complete the production processes by helping to get the products to the final consumers, through distribution and exchange services.

Commercial occupation is subdivided into trade and aids to trade.

Types of Commercial Occupations:

(a) Trade: This involves buying and selling, distribution and exchange of commodities and services which are capable of satisfying human wants. Trade is subdivided into “home and foreign trade”.

(b) Aids to Trade: This involves the various agents that complement trading activities. They are activities that ensure that trading activities are effectively carried out to improve the state of the country’s economy. They are Banking, Transportation, Insurance, Tourism, Advertising, Communication, etc.

Evaluation Questions:

1. Define Occupation
2. List three types of industrial occupations
3. Give a brief explanation of Extractive occupation with three examples of it
4. Mention two types of Commercial occupations
5. (a) Define Industry
(b) Explain five types of commercial occupations (SSCE June 2000).
6. (a) What is occupation?
(b) With the aid of a diagram, show the different classes of occupation
(c) Explain with one example each of the three classes of occupation shown in 6(b) above (WASCE 2015)

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