The website has the complete lesson note for all the subjects in secondary school but this piece showcases the SS1 Commerce Lesson Note on Trade. You can use the website search button to filter out the subject of interest to you.
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TOPIC: TRADE.
CONTENT:
SUB TOPIC 1: MEANING OF TRADE AND TYPES OF TRADE MEANING OF TRADE
Trade is the act of buying and selling of goods and services. People trade with the aim of making profit in order to cater with their needs.
(1) Home /Local/Internal/Domestic Trade
(2) Foreign/external/International Trade
(3) Entre-port
Home /Local/Internal/Domestic Trade: This is the buying and selling of goods and services within a country. Buying of goods and services that take place in from Lagos to Port Harcourt, Onitsha and Aba is home trade. It is within Nigeria.
Type of Home /Local/Internal/Domestic Trade
Types of Foreign/external/International Trade
RELATIONSHIP BETWEEN HOME AND FOREIGN TRADE
DIFFERENCES BETWEEN HOME AND FOREIGN TRADE
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