The content is just an excerpt from the complete note for SS2 Second Term Geography Lesson Note – Commercial Activities in Nigeria. Check below to download the complete DOCUMENT
WEEK 11
TOPIC: COMMERCIAL ACTIVITIES IN NIGERIA
CONTENT:
(i) Major commercial activities
(ii) Major commercial areas in Nigeria
(iii) Importance of commercial activities
SUB-TOPIC 1: MEANING OF TRADE
Trade can be defined as the act of buying and selling or exchange of goods and services between one country and another and within the country. Trade in Nigeria therefore involves the buying and selling or exchange of goods and services between one region of Nigeria and another or between Nigeria and other countries.
TYPES OF TRADE
There are two types of trade: internal and external / international trade.
INTERNAL TRADE: This is the trade that takes place within the boundaries of a country. In Nigeria, three types of internal trade can be recognized:
FACTORS THAT FAVOURS OR ENCOURAGES INTERNAL TRADE
INTERNATIONAL TRADE: International trade otherwise known as foreign or external trade can be defined as the exchange, buying and selling of goods and services between two or more countries; for instance, the trade between Nigeria and Great Britain, USA, Japan and other African exporters.
To gain full access to the note: DOWNLOAD FILE
Do you want to study Agricultural Extension in OOU? Before you apply for the OOU…
Do you want to study Agricultural Economics in OOU? Before you apply for the OOU…
Do you want to study Cooperative and Business Management in OOU? Before you apply for…
Do you want to study Home and Hotel Management in OOU? Before you apply for…
Do you want to study Animal Production in OOU? Before you apply for the OOU…
Do you want to study Crop Production in OOU? Before you apply for the OOU…