SSS 1 Commerce SyllabusIntroduction to Commerce- Definition and scope of commerce
- Importance and objectives of studying commerce
- Functions of commerce
- Classification of commerce
- Career opportunities in commerce
History of Commerce- Evolution of commerce from ancient times to modern era
- Contribution of different civilizations to the development of commerce
- Growth and development of trade routes
- Emergence of banking and financial institutions
Occupation- Definition and types of occupation
- Importance of occupation in economic development
- Factors influencing choice of occupation
- Career prospects in different occupations
Production, Division of Labour, Specialization and Exchange- Meaning and importance of production
- Division of labour and its advantages
- Specialization and its benefits
- Exchange and its role in commerce
Trade- Definition and types of trade
- Importance of trade in economic growth
- Domestic and international trade
- Barriers to trade and their impact
Home Trade- Meaning and characteristics of home trade
- Types of home trade (wholesale and retail trade)
- Functions of middlemen in home trade
- Advantages and limitations of home trade
Foreign Trade (International)- Meaning and features of foreign trade
- Types of foreign trade (export and import trade)
- Balance of trade and balance of payments
- Role of international organizations in promoting foreign trade
Commodity Exchange- Definition and concept of commodity exchange
- Functions and role of commodity exchanges
- Trading methods in commodity exchanges
- Benefits and challenges of commodity exchange
Sole Proprietorship- Meaning and features of sole proprietorship
- Advantages and disadvantages of sole proprietorship
- Legal requirements for setting up a sole proprietorship
- Management and control in sole proprietorship
Partnership- Meaning and characteristics of partnership
- Types of partnership (general partnership and limited partnership)
- Rights and duties of partners
- Dissolution and settlement of partnership
Money- Definition and functions of money
- Forms of money (commodity money, metallic money, paper money, etc.)
- Functions and role of central bank
- Monetary policy and its impact on the economy
This course is helpful for the following exams: SSS 1