JAMB Commerce 2007 Question 19

Question 19

Introduction to Commerce

The scope of economic activities can be enlarged by

  1. A.transportation and trading
  2. B.business and its promotion
  3. C.trading and aids to trade
  4. D.insurance and banking.
Show the answer and explanation

Answer: C (trading and aids to trade)

Explanation

Trade together with aids to trade (transport, banking, insurance, etc.) makes up commerce and widens economic activity.