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WAEC Commerce 2022 Question 3

Question 3

Introduction to Commerce

The growth of commerce is not enhanced by

  1. A.development of modern forms of production
  2. B.government participation in business
  3. C.high population growth
  4. D.low per capita income
Show the answer and explanation

Answer: D (low per capita income)

Explanation

Commerce grows when people can afford to buy. Low income per head means low purchasing power, so it holds trade back; a growing population, on the other hand, enlarges the market.