5 Questions
What are the principal factors that give rise to commercial exchanges?
Diversity in the distribution of natural resources, differences of human needs and wants, and division of labour along with comparative advantage
What does commerce consist of?
Trade and aids to trade along the entire supply chain
What does trade involve apart from the exchange of goods and services?
Exchange of currencies, commodities, and securities in specialized exchange markets
What are examples of aids to trade or auxiliary commercial activities?
Banking and financial services, transportation, packaging, warehousing, communication, advertising, and insurance
What is foreign trade inclusive of?
Import, export, and entrepôt/re-export trades
Test your knowledge of large-scale organized systems involved in the distribution and transfer of goods and services within different economies.
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