Topic 1: The Scope Of Commerce
a). The Scope of Commerce
i. Explain the nature and the subject matter of commerce
ii. Draw the commerce flow chart
iii. Explain the importance of commerce in everyday life
iv. Distinguish between commerce and economics
v. Discuss the development of commerce in Tanzania
Topic 2: Production
a). Production
i. Define the term “Production”
ii. Explain the different types of goods
iii. Identify the different factors of production
iv. Explain the different types of costs of production
v. Explain how division of labour and specialization affect production
vi. Discuss the importance of production
vii. Classify production in its branches and main occupations
viii. Show the relationships between production branches