The Role of Government in Trade Notes Form 6 – Commerce Study Guide Government: Is a group of people who officially rule a country like president, ministers and civil servants. Function of Government The government perform the following function. Protective functions.The government is responsible to maintain peace and security in the country and to defend the country against external aggression.

Export Trade Notes Form 6 – Commerce Study Guide EXPORT TRADE This is one of the branch of foreign trade dealing with selling of goods, raw materials or services to foreign countries. It involves two main types; Direct export trade: This is when the sellers exports goods themselves it does not involve the use of agents. Indirect export trade: This

Import Trade Notes Form 6 – Commerce Study Guide What is it? Is the purchase of goods or services from other countries. TYPES OF IMPORT Import trade may be classified into two parts of: Direct import trade. Indirect import trade. Direct import trade. Is the kind of import on which a person in his own name import goods or services without making

Foreign Trade Notes Form 6 – Commerce Study Guide FOREIGN TRADE Is the trade which is conducted across the boundary of the country.It includes imports and exports . −  Export trade is the selling of goods to abroad. −  Import  trade is the buying of goods from abroad. TERMS OF INTERNATIONAL TRADE  1. Import trade Is the trade which involves

Stock Exchange Notes Form 5 – Commerce Study Guide What is stock exchange? This is the market where already issued securities like shares, bonds, stocks can be bought and sold. For example DSE, KSE, USE, In Dar es Salaam stock exchange, Kenya stock exchange and Uganda stock exchange. Functions of stock exchange 1. It provides a ready market for those

Money and Banking Notes Form 5 – Commerce Study Guide MONEY AND BANKING Money is a medium of exchange or money is anything which is generally accepted in the settlement of debts and other obligations.WHY DO WE USE MONEY? As a medium of exchange, it facilitates achievements and satisfaction of mans wants. It encourages specialization because specialization facilitates exchange and