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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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Definition of Occupation

Occupation can be defines as a legal Job, professional or any productive activities engaged by an individual to earn a living and to satisfy his numerous wants.

Classification of Occupation  

occupation

Occupation are Classified into three main categories which are shown above as industrial, commercial and services.

A. Industrial Occupation:

This embraces all economics and productive activities involving the actual production of tangible economic goods to satisfy human wants. It involves raw material transformation of raw materials to finished goods and 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 from the sea, soil, forest atmosphere, etc. Farming, fishing, hunting, quarrying, lumbering, mining, etc are some of the 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, building construction are some of the examples of constructive occupation.

B. Commercial Occupation:

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 sub-divided 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 sub-divided 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 countries 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, three classes of occupation shown in 1(b) above (WASCE 2015)

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