WAEC Commerce 2021 Objective — Question 1

Question 1 of 50 from the West African Examinations Council (WAEC) Commerce 2021 Objective paper, with the correct answer and a full explanation.

Commerce started as a result of

A. competitionCorrect
B. distribution
C. privatization
D. specialization

Explanation

Commerce started as a result of competition; specialization created the need for distribution and exchange, but competition drove commerce's promotion of buying and selling.

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