FOREIGN trade or international trade is the exchange of goods and services between two or more countries. So here in this blog Post, I’m going to be writing on the means or methods of payment in international trade. Methods Of Payment In International Trade Contents 1. Mail transfer: Mail transfer is a means or methods […]
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There are various types of international trade documents which facilitate international trade. This documents are as follows: 1. Consular invoice: Consular invoice is types of international trade documents and it’s an invoice issued in the embassy of the importing country showing the original price of the goods in the country of origin. This is to
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Hello welcome to this blog Post, I will be writing on the meaning of division of labour, advantages and Disadvantages, and limitations of division of labor and specialization. Table Of Contents Definition: Division of labor is defined as the breaking down of a production process into a number of separate operations, whereby each operation is
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Hello, welcome to this blog on the topic, Classification and types of occupation. Table Of Contents Meaning: Occupation can be defined as any economic or productive activities which people engage in to create and procure goods and services in order to make a living. Today, people engage in various activities to earn a living and
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Hello welcome to this blog post. In this blog I will be writing on e-commerce, meaning of e-commerce, division of e-commerce, factors necessary for the success of e-commerce ventures, types of e-commerce, advantages and Disadvantages of e-commerce. Meaning Of e-commerce MEANING: Electronic commerce commonly known as e-commerce or E-commerce is the buying, selling and exchange
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Hello, welcome to this class on the topic Functions Of Commerce. Table Of Contents At the end of this article, students should be able to: MEANING OF COMMERCE Definition: Commerce can simply be defined as all the activities involved in the distribution and exchange of goods and services. In order words, commerce is a branch
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I will be writing on this article the four factors of production in economics, the meaning, Features of Land factor, labour, capital and entrepreneur, Thier features and importance. Contents At the end of this article, students should be able to know the following: Factors of Production Introduction: In the realm of economics, the production of
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