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
Explication
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.