passwella.
Menu

WAEC Commerce 2005 Question 1

Question 1

Introduction to Commerce

The form of trade practised by the early men was characterized by

  1. A.exchange of goods for money
  2. B.efficient distribution system
  3. C.exchange of goods for goods
  4. D.organized warehousing.
Show the answer and explanation

Answer: C (exchange of goods for goods)

Explanation

Early people traded by barter, exchanging goods directly for goods.