commerce

Occupation refers to any economic or productive activity individuals undertake to produce and obtain goods and services for their livelihood. In today’s world, people participate in various activities to earn …

Factors of production refer to the essential resources used in producing goods and services. Typically, multiple resources are required to manufacture a product. These resources are categorised into four main …

A retail outlet is any location where goods are sold directly to consumers. This includes petrol stations, garden markets, restaurants, and other similar businesses. Retailing continues to evolve, with new …