The content is just an excerpt from the complete note for JSS 3 First Term Agricultural Science Lesson Note – Agriculture in Stock Exchange. Check below to download the complete PDF
Topic: Agriculture in Stock exchange
Content: (i) Meaning of stock
(ii)Buying and selling of goods and services available now and in the future
Sub-Topic 1: Meaning of stock
INTRODUCTION
The activities of stock exchange are about selling part or all of an enterprise or corporation to numerous part-owners so as to generate money to finance that enterprise. The money which is called Capital is generated by a corporation or organization through the sales and distribution of parts or all to several part-owners is called Stock. One unit of stock is called shares, while the combination of those who bought shares i.e. those who contributed money towards the setting up of the business is called Shareholders.
MEANING OF STOCK EXCHANGE:
A stock exchange is an organization that provides a place where investors may buy and sell shares of a wide range of companies.
Sub-Topic 2: Buying and selling of goods and services available now and in the future
In Nigeria this transactions are regulated by the Nigeria stock exchange (N.S.E).stock exchange was established in the year, 1960 in Lagos and was first referred to as Lagos stock exchange. Buying and selling of stock exchange may be by physical exchange or electronic through the use of computer net-working i.e. visual exchange which is commonly known as forex trading.
The Nigeria stock exchange is a good example of visual exchange; participants in any stock exchange include the buyers, seller and their representatives. Potential buyers who legally own one or more share or stock of a joint stock company are referred to as shareholders; they are entitled to participate in:
- Vote during the election of the Board of Directors.
Stock brokers are licensed to buy and sell company’s shares and they also have adequate information on
