Which of the following enables people to consume a variety of goods and services?

Assessment: WAEC SSCE - Commerce - 1999 (Objective) Subject: Commerce

Question 1 Report

Which of the following enables people to consume a variety of goods and services?
Answer Details
Exchange enables people to consume a variety of goods and services. Exchange refers to the process of trading goods or services between two or more parties. It allows people to obtain goods and services that they may not be able to produce themselves or do not have access to. By exchanging goods and services with others, individuals can consume a wider variety of goods and services beyond what they are able to produce on their own. This creates a more diverse and efficient economy, as it enables individuals to specialize in producing certain goods or services, while still having access to a wide range of other goods and services through exchange.

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