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JAMB Commerce 2003 Question 28

Question 28

Introduction to Commerce

The evolution of commerce in Nigeria is traceable to the

  1. A.period of barter economy as human needs became limitless
  2. B.desire by human beings to satisfy their needs through the services of other people in the society
  3. C.development of human civilizations and the desire to meet their needs
  4. D.primitive stage of existence of human beings.
Show the answer and explanation

Answer: B (desire by human beings to satisfy their needs through the services of other people in the society)

Explanation

Commerce grew because people could not produce everything they needed and so depended on others to satisfy their wants.