In this class we are going to be looking at Types Of specialisation: Meaning, and exchange in commerce. Table Of Contents Definition of specialisation Definition: Specialization is defined as the concentration of the productive effort of an individual, a firm or country in a given aspect of economic activity or on a particular line of […]
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Hello welcome to this class on the History of commerce and the barter system or trade by barter. Table Of Contents At the end of this article, student should be able to: HISTORY OF COMMERCE In the olden days, people engage in subsistence production. This means they were producing goods for themselves and their families.
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Hello welcome to this class. In this class we are going to be looking at the Topic: Functions of the Nigerian export promotion council: Table Of Contents NIGERIAN EXPORT PROMOTION COUNCIL NEPC was set up to assist exporters in the course of exporting goods and to set out procedures for export trade. The council also
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Hello welcome to this class on the topic: Nigerian Ports Authority. We would take a look at the meaning of Port Authority and the functions of ports authority. Table Of Contents NIGERIAN PORTS AUTHORITY (NPA) Meaning: The management, controls and general operations of the seaports in Nigeria are handled by the Nigerian ports authority. The
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Hello, welcome to this class topic on Customs Authority: We are going to be looking at the Meaning of customs authority, and various functions of customs authority in commerce: Table Of Contents MEANING OF CUSTOMS AUTHORITY Meaning: Customs authority can be defined as a department in the ministry of internal affairs charged with the responsibility
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Hello welcome to this class on FUNCTIONS OF AIRPORTS AUTHORITY: The federal airport authority of Nigeria. (FAAN). And examples. Table Of Contents Meaning of federal Airports Authority of Nigeria (FAAN). The federal Airports Authority of Nigeria is a statutory body charged with the responsibility of controlling and managing the airports as well as providing adequate
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Hello welcome to this class on kinds and formations of partnership in commerce. Kinds of partners, formation of partnership, provisions and conditions. Table Of Contents KINDS OF PARTNERS The various kinds of partners are: limited partners, general partner, sleeping partner active partner, and nominal partner. RIGHTS OF PARTNERS FORMATION OF PARTNERSHIP The partnership business may
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In this class we are going to be looking at the Topic: UNIT STORES/TIED SHOPS; features of unit stores/tied Shops in Home Trade. Table Of Contents Meaning Of Unit Stores/tied Shops Tied shops are owned and controlled by the manufacturers themselves. Unit stores are retail outlets which operate in the rural or urban centers. They
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Hello, welcome to this hall on the types of SMALL SCALE RETAIL TRADE. Table Of Content Classification or Types of Small Scale Retail Trade Retail activities can be classified into small scale and large scale as represented here Types of small scale retail (Retailers) Retailers Large scale Methods of Classification or Types of small scale
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Title: Features of Market Trading Hello welcome to another class on the topic: MARKET TRADING. In this class we are going to be looking at the meaning of market trading, Features of Market trading, the advantages and disadvantages of Market trading. Table Of Content See Also Definition of Market Trading Market trading is another method
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Hello, welcome to this class on the Topic: STREET or ROADSIDE TRADING: features of roadside trading, advantages and Disadvantages of roadside trading. Table Of Content See Also Street or Roadside Traders Roadside traders are traders who display their wares along the streets, roads or outside the gates of schools, companies, offices in towns and cities.
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in this blog Post, we are going to be looking at the topic MOBILE SHOPS: The meaning of mobile shops, The characteristics of mobile shop, advantages and disadvantages of mobile shop. Table Of Content See Also MOBILE SHOPS Mobile shops are where goods are arranged in a motor van and are moved from one place
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Hello, welcome to this class. In this class we are going to be looking the topic: HAWKING: characteristics of hawking, advantage and disadvantages of Hawking Table Of Content Meaning of Hawking/Itinerant/Peddling Hawking is a form of Itinerant trade in which the merchants move their goods from one place to another on their heads, bicycle or
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In this blog Post, we are going to be looking at types of customer services, meaning of customer services, their functions and their importance. Table Of Contents Meaning of Customer Services Definition: Customer services are services which a company can adopt in order to attract customers to their business and to endear itself to them.
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Hello, welcome to this blog on topic: Reasons for commercialization and privatization of public enterprises in commerce. Table Of Content Definition Of Commercialization Definition: Commercialization is a policy geared towards making state owned enterprises to become more efficient and profit oriented. The policy makes it possible for public enterprises to become more viable and effective.
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Hello Welcome to this blog on ECOWAS: would take a look at the economic community of West Africa states (ECOWAS), The Formation, aims and objectives of ECOWAS, organs of ECOWAS and problems of ECOWAS. Table Of Contents At the end you should know the following: Formation: Economic community of west African states (ECOWAS) was formed
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In this class we are going to be looking at bureau de change, definition and functions of bureau de change. Definition of Bureau De Change Definition: A bureau de change is a place where one form of currency can be traded for another through a broker. It is often called a foreign exchange or currency
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In this class I will be taken you on the Topic: Meaning and Types of Cheque in Economics OVERVIEW OF CHEQUE: Definition, features or characteristics of a cheque, advantages of payment by cheque, precautionary measures to be taken when drawing a cheque, parties to a cheque, types of cheque. Forms of cheque and reasons why
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In this blog post we are going to be looking at The value of money: definition, measurement of value of money, factors determining the value of money and theory. Table Of Contents THE VALUE OF MONEY Definition: The value money is defined as the quantity of goods and services which a given amount of money
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Hello welcome to this class on DEMAND AND SUPPLY OF MONEY. At the end of this chapter you will learn. Definition of Demand for Money Demand for money is the total amount of money which all individuals in the economy wish, for various reasons, to hold. In other words, the demand for money refers to
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