TRADE I

BUSINESS STUDIES FOR JSS2 FIRST TERM

SUB -THEME: COMMERCE-THE HEART OF BUSINESS

WEEK 6

TRADE I

Performance objectives:

The student should be able to:

1. 1. Explain the meaning of trade
   2. List the importance of trade
   3. Describe forms of trade

Contents:

Meaning of Trade

Trade can be defined as the act of buying and selling of goods and services. Trade involves two sets of people which are the buyer and the seller of goods and services.

Trade involves the exchange of goods and services between a seller and a buyer. The exchange is always at an agreed price and within a period of time.

Importance of Trade

Trade is important because:

1. It is a means of easy exchange of goods and services
2. …