A Major funtion of commerce is to

Assessment: JAMB UTME - Commerce - 2016 Subject: Commerce

Question 1 Report

A Major funtion of commerce is to
Answer Details
The major function of commerce is to facilitate human satisfaction through exchange. This means that commerce enables individuals and businesses to exchange goods and services with one another in order to fulfill their needs and desires. Through commerce, individuals and businesses are able to access a wider range of goods and services than they would be able to produce or obtain on their own. This exchange of goods and services is what drives economic growth and development, and is essential for the functioning of modern society. While commerce can also influence government policies, eliminate trade barriers, and provide raw materials for manufacturers, its primary function is to enable exchange and satisfy human needs and wants.

Download The App On Google Playstore

Everything you need to excel in your exams

Green Bridge CBT Mobile App
Personalized AI Learning Chat Assistant
200,000+ Exam Questions Across IGCSE, JAMB, WAEC & NECO
Over 3,900 Lesson Notes
Offline Support - Learn Anytime, Anywhere
Green Bridge Timetable
Literature Summaries & Potential Questions
Track Your Performance & Progress
In-depth Explanations for Comprehensive Learning