TOPIC 4: WHOLESALE TRADE | COMMERCE FORM 2
Meaning of Wholesale Trade
Define wholesale trade
Wholesale trade is a form of trade in which goods are purchased and stored in large quantities and sold, in batches...
TOPIC 3: RETAIL TRADE | COMMERCE FORM TWO
Meaning of Retail Trade
Define Retail Trade
Retail trade is the sale of goods in small quantities to consumers.
OR
is a business activity involving buying goods and...
TOPIC 2: THE THEORY OF SUPPLY | COMMERCE FORM 2
Theory of Supply
The Meaning of Supply
Explain the meaning of supply
What Is Supply?
In economics, we have two forces: the producer, who makes things, and the...
TOPIC 1: THE THEORY OF DEMAND | COMMERCE FORM 2
Theory of Demand
Demand is willingness (desire) and the ability to buy a certain quantity of a
commodity at the going price at a specific period...
