passwella.
Menu

WAEC Commerce 2021 Question 1

Question 1

Introduction to Commerce

Commerce started as a result of

  1. A.competition.
  2. B.distribution.
  3. C.privatization.
  4. D.specialization.
Show the answer and explanation

Answer: D (specialization.)

Explanation

When people specialised, each produced more of one item than they needed, so exchange (trade and its aids) became necessary. That is how commerce began.