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Questions and Answers
What is one of the key roles of commerce in economic development?
What is one of the key roles of commerce in economic development?
- Promoting social welfare programs
- Restricting international trade
- Facilitating the exchange of goods and services (correct)
- Controlling government policies
How does commerce contribute to job creation?
How does commerce contribute to job creation?
- By promoting self-sufficiency
- By stimulating demand for labor (correct)
- By reducing workforce participation
- By discouraging entrepreneurship
What effect does efficient commerce have on income levels?
What effect does efficient commerce have on income levels?
- It always results in income inequality
- It has no impact on income distribution
- It can lead to increased per capita income (correct)
- It reduces overall national income
