Jss2 Economics/Business Studies Mid Term

Welcome to your Jss2 Economics/Business Studies Mid Term

1. An independently administered business unit which carries out productive activities is called.

2. A placer where productive activities takes place is called......

3. A unit of ownership of s business concern is called.....

4. A shareholder receives.

5. Business organizations which are owned and managed by the government is called

6. The major objective of a private enterprise is to maximize .

7. The price at which the seller is wi6 to sell and the buyer is willing to buy is called......

8. All these are examples of commodity market except

9. A combination of firms producing similar commodities or services for the same market is called.....

10.A type of market where stocks and shares are marketed for sale is called ......

THEORY

Answer all

1 .Define a Stall?

2. Differentiate between a stall and a shop?

3. Outline any four characteristics of a shop?

4. What is a market?

5. Mention any two factors affecting supply of commodities you know.

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