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JAMB Commerce 2012 Question 2

Question 2

Introduction to Commerce

One of the major benefits of commerce to government is to

  1. A.improve the standard of living
  2. B.generate revenue for growth and development
  3. C.encourage cooperation among public organizations
  4. D.encourage the development of socio-cultural values.
Show the answer and explanation

Answer: B (generate revenue for growth and development)

Explanation

Taxes and duties on trade give government revenue to spend on development.