Introduction to commerce II

AgricultureBusiness Studies J.S.S 1 First Term

WEEK 7

Introduction to commerce II

Performance Objectives

The student should be able to:

     1. List the activities which aid commerce.

Content

Activities that Aid Commerce

Trade and aids to trade are activities that aid the growth of commerce. There are:

1. Banking: Banking Services are provided by an institution set-up to help business transactions. Such banking services are:

i. Providing business with capital: Capital is the money a businessman needs to enable him to carry on his business.

ii. Accepting money as deposits: Bank accepts to keep the money made out of business safely until it is needed for a business transaction.

iii. Helping business to transfer money: Banks…