JAMB - Commerce (2025 - No. 14)
Trade can be described as
distribution of goods
purchase of goods and services
buying and selling
production of goods
Maelezo
Trade can be defined as the act of buying and selling goods and services. It involves the exchange of goods or services between
parties, which is a fundamental aspect of economic activity. While 'purchase of goods and services' and 'distribution of goods' are
related concepts, they do not encompass the full definition of trade, which specifically includes both buying and selling.
parties, which is a fundamental aspect of economic activity. While 'purchase of goods and services' and 'distribution of goods' are
related concepts, they do not encompass the full definition of trade, which specifically includes both buying and selling.