Commercial Economics and Commercial Geography Suggestion and Question Patterns of HSC Examination 2014
Commercial Economics and Commercial Geography Suggestion and Question Patterns of HSC Examination 2014. Those aspects of an economy that are tied to the exchange of goods, services, and labor activities that have a well defined monetary value. The commercial economy does not include activities such as childrearing, housework, family caregiving, and other types of necessary domestic labor which are typically performed on an unpaid basis. Commercial economies are often contrasted with sharing or gift economies where exchanges may not have an assigned monetary value.
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Commercial Economics and Commercial Geography Suggestion and Question Patterns of HSC Examination 2014
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Commercial Economics and Commercial Geography Suggestion and Question Patterns of HSC Examination 2014
Commercial Economics and Commercial Geography Suggestion and Question Patterns of HSC Examination 2014
Click Here to Download Commercial Economics and Commercial Geography Suggestion and Question Patterns of HSC Examination 2014
Commercial Economics and Commercial Geography Suggestion and Question Patterns of HSC Examination 2014
Commercial Economics and Commercial Geography Suggestion and Question Patterns of HSC Examination 2014
Commercial Economics and Commercial Geography Suggestion and Question Patterns of HSC Examination 2014
Commercial geography investigates the spatial characteristics of trade and transactions in terms of their cause, nature, origin and destination. It leans on the analysis of contracts and transactions. From a simple commercial transaction involving an individual purchasing a product at a store, to the complex network of transactions maintained between a multinational corporation and its suppliers, the scale and scope of commercial geography varies significantly.
Historically, wealth was dominantly related to agricultural output implying that the largest economies were those with the largest populations. Trade patterns mostly followed demographics. The industrial revolution irremediably changed this relationship with mechanization and it’s multiplying effects on production and consumption. Yet, economic systems remain based on trade and transactions since specialization and efficiency require interdependency. People trade their labor for a wage, having to commute in the process, while corporations trade their output for capital. Trade is the transmission of a possession in return for a counterpart, generally money, which is often defined as a medium of exchange. This exchange involves a transaction and its associated flows of capital, information, commodities, parts, or finished products. All this require the understanding of commercial geography.
