Commerce Form One TIE Notes | This textbook, “Commerce for Secondary Schools,” is written specifically for Form One students in the United Republic of Tanzania.
It is prepared according to the 2016 Commerce Syllabus for Secondary Education Form I, issued by the Ministry of Education, Science and Technology.
Commerce Meaning
Commerce deals with the distribution and exchange of goods and services. In this chapter, you will learn about the concept of commerce and the elements of commerce. The competencies developed will enable you to identify and engage in some commercial activities that will allow you to earn income.
The term commerce is derived from the Latin word “commercium” which is formed by two words, “com” meaning “together” and “merx” meaning “merchandise” or “goods”.
Therefore, ‘Commerce’ is about exchanging goods and services together. Commerce entails all activities from the distribution and exchange of goods and services, to the point where they reach a final consumer and therefore, satisfy human needs and wants.
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Key topics covered in Commerce Form One TIE notes
The book consists of four chapters, namely the
- Basics of Commerce,
- Production,
- Entrepreneurship, and
- Domestic Trade.
Each chapter contains texts, illustrations, activities, and exercises. You are encouraged to do all activities and attempt all the given exercises, as well as other assignments provided by your teacher. Doing so will enable you to develop the intended competencies.
