Commerce Topics - Form One

 

TOPIC 1: The Scope Of Commerce

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The Scope of Commerce

• Explain the nature and the subject matter of commerce

• Draw the commerce flow chart

• Explain the importance of commerce in everyday life

• Distinguish between commerce and economics

• Discuss the development of commerce in Tanzania

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TOPIC 2: Production

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Production

• Define the term "Production"

• Explain the different types of goods

• Identify the different factors of production

• Explain the different types of costs of production

• Explain how division of labour and specialization affect production

• Discuss the importance of production

• Classify production in its branches and main occupations

• Show the relationships between production branches

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