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1. Commercial Activities

Commercial activities encompass a range of processes aimed at earning income and satisfying human wants through the production and distribution of goods and services. These activities are classified into economic and non-economic types. Economic activities include business, professions, and employment, all playing critical roles in driving economic growth and creating a thriving marketplace.

Sections

  • 1

    Commercial Activities

    Commercial activities encompass actions undertaken to generate income through the production, distribution, and exchange of goods and services.

    Learning Practice

  • 1.1

    Introduction

    Commercial activities encompass all actions aimed at earning income through the production, exchange, and distribution of goods and services.

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  • 1.2

    Classification Of Human Activities

    Human activities are classified into economic and non-economic activities based on their purpose and monetary gain.

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  • 1.3

    Types Of Economic Activities

    Economic activities are classified into three main types: business, profession, and employment, each serving distinct roles in the economy.

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  • 1.3.1

    Business

    Business is a type of economic activity focused on the regular production and exchange of goods and services for profit.

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  • 1.3.2

    Profession

    The profession involves specialized occupations governed by professional bodies and requiring unique training and expertise.

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  • 1.3.3

    Employment

    Employment refers to the working relationship between an employee and an employer, where an individual provides labor in exchange for a fixed wage or salary.

    Learning Practice

  • 1.4

    Meaning Of Commercial Activities

    Commercial activities encompass economic actions focused on producing, exchanging, and distributing goods and services to meet consumer demands.

    Learning Practice

  • 1.5

    Types Of Commercial Activities

    This section provides an overview of the different types of commercial activities, including trade and auxiliary functions that support trade.

    Learning Practice

  • 1.5.1

    Trade

    Trade involves the buying and selling of goods and services and is a crucial part of commercial activities.

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  • 1.5.1.1

    Internal Trade

    Internal trade involves the buying and selling of goods and services within a country.

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  • 1.5.1.2

    External Trade

    External trade involves the exchange of goods and services between countries, facilitating global commerce.

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  • 1.5.2

    Auxiliaries To Trade (Aids To Trade)

    Auxiliaries to trade are essential support systems that facilitate the smooth operation of trade activities.

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  • 1.5.2.1

    Transport

    Transport is a crucial aid to trade that facilitates the movement of goods from producers to consumers, supporting the functions of commerce.

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  • 1.5.2.2

    Banking

    This section explores the role of banking as an auxiliary to trade in facilitating financial transactions necessary for commerce.

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  • 1.5.2.3

    Insurance

    Insurance is a critical auxiliary to trade that helps manage risk associated with loss or damage.

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  • 1.5.2.4

    Warehousing

    Warehousing is an essential commercial activity focusing on the storage of goods until they are needed for distribution.

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  • 1.5.2.5

    Advertising

    Advertising is a vital commercial activity that promotes goods and services and creates consumer awareness.

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  • 1.5.2.6

    Communication

    Communication plays a vital role in facilitating trade and connecting buyers and sellers.

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  • 1.6

    Objectives Of Commercial Activities

    The objectives of commercial activities focus on profit generation, satisfying consumer needs, creating employment opportunities, and fueling economic development.

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  • 1.7

    Characteristics Of Commercial Activities

    Commercial activities are defined by their profit motive, regularity, associated risks, capital needs, and involvement in production and distribution.

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  • 1.8

    Importance Of Commercial Activities

    Commercial activities are crucial as they drive economic growth, create job opportunities, and improve living standards.

    Learning Practice

References

ca9-1.pdf

Class Notes

Memorization

What we have learnt

  • Commercial activities are f...
  • Economic activities can be ...
  • The importance of commercia...

Final Test

Revision Tests

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