The pivot on the wheel of commerce rotates is

Assessment: JAMB UTME - Commerce - 2001 Subject: Commerce

Question 1 Report

The pivot on the wheel of commerce rotates is
Answer Details
The pivot on the wheel of commerce is trade. Trade is the exchange of goods and services between buyers and sellers. It is the buying and selling of goods and services at different prices, with the aim of making a profit. Trade is the foundation of commerce, and it involves the movement of goods and services from the point of production to the point of consumption. Without trade, commerce would not exist.
Read lesson note on Trade (WAEC)
Read lesson note on Commerce (JAMB)
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