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JAMB - Commerce (2022 - No. 3)

The growth of commerce is not enhanced by
development of modern forms of production
government participation in business
high population growth
low per capita income

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Low per capita income is one of the factors affecting the growth of commerce in West Africa. However, the factors that encourage the growth of commerce are: emergence of specialization, development of modern forms of production, government participation, population growth, role of advertising etc.

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