Define the following terms a. Consumption b. Economics c. Commerce d. Trade

      

Define the following terms
a. Consumption
b. Economics
c. Commerce
d. Trade

  

Answers


joseph

a. Consumption – this means using
b. Economics – this is the study of how human beings strive to satisfy their endless wants using the available scarce resources.
c. Commerce – this is the study of trade and aids to trade.
d. Trade – refer to the exchange of goods and services for other goods and services or for money.

joseph rimiru answered the question on November 18, 2017 at 18:27


Next:  Define the following terms: a. Production b. Distribution
Previous:  State the meaning of the following terms a. Accounting b. Office practice c. Entrepreneurship

View More Business Studies Questions and Answers | Return to Questions Index


Exams With Marking Schemes

Related Questions