Education

UNDERSTAND DIVISON OF LABOR IN LABOR MARKET

Why is division of labor so important in the market system?

UNDERSTAND DIVISON OF LABOR IN LABOR MARKET Division of labour involves dividing a job into smaller jobs each of which will be performed by different person/persons. Each individual or each group of individuals performs a small part necessary to complete total job. Division of labor can be seen when different people opt different occupations e.g. doctors, engineers, teachers, traders, farmers, …

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 COMMERCE AS AN ECONOMIC ACTIVITY

COMMERCE AS AN ECONOMIC ACTIVITY -Crude exchange is the earliest form of exchange which involved the exchange of goods for goods. This exchange is also known as barter system. -It was not until peaceful contact between different groups of people became possible that the first commercial transaction took place. -AS societies improved their means of production and with existence of …

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 DESCRIPTIVE ANALYSIS OF COMMERCE DEFINITIONS

DEFINITION OF COMMERCE COMMERCE IS THE STUDY OF HOW MAN ORGANIZES THE DISTRIBUTION AND EXCHANGE OF COMMODITIES SO AS TO SATISFY HIS NEEDS IN THE MOST EFFICIENT MANNER. The word COMMERCE is made up of two Latin words, CUM (WITH) and MERX (MERCHANDISE), so that a lateral translation would be WITH GOODS. Therefore, this is certainly opt, since commerce is …

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BASIC DEFINITIONS OF RECORDS IN ORGANISATION

BASIC DEFINITIONS OF RECORDS IN ORGANISATION A record is a piece of information created by or received by an organization or business establishment that gives evidence of a business decision or transaction and should be preserved.  More specifically, records are recorded information, regardless of physical or digital form, that are:  generated or received and used while conducting business, and preserved …

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RECENTLY DEVELOPMENT ON HOW TO FILE RECORDS IN AN ORGANIZATION

RECENTLY DEVELOPMENT ON HOW TO FILE RECORDS IN AN ORGANIZATION Every Organization chooses the pattern of filling its records. This is because different organizations generate and use different types of records for which its filling style may certainly be specific and unique. However, in most organizations records are filled in five major ways namely: Alphabetical order Subject order Geographical arrangement …

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