Neco 2017 Commerce Question 1

Practice essay / theory question 1 from the 2017 Neco Commerce examination. This question covers Introduction to Commerce .

Neco 2017 Commerce Essay / Theory

Topic: Introduction to Commerce

Question 1 NECO • 2017 • COMMERCE • essay

Commerce is the activity of buying and selling goods and services and the system that links producers with consumers. Answer the following questions.

Question Parts

( a )

Define commerce and explain its three major components, giving a practical example for each component from the Nigerian economy.

( b )

Discuss how the development of information and communication technology (ICT) has transformed the traditional functions of commerce in Nigeria. Include at least two specific ways ICT influences buying, selling and distribution.

( c )

Evaluate the statement: “A well‑functioning commercial sector reduces unemployment.” In your evaluation consider both positive and negative impacts and support your arguments with relevant economic concepts.

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About This Question

This is Neco 2017 Commerce Question 1. It is one of the essay questions from the 2017 Neco Commerce examination.

The question covers Introduction to Commerce .

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