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SS1 Commerce – Division of Labour, Specialization, and Exchange

In this class, we will discuss division of labour, specialization, and exchange.  Division of Labour, Specialization and Exchange   CONTENT Definition of terms Advantages and disadvantages of Division of Labour/Specialization

SS1 Commerce – Partnership 1

In today’s class, we will discuss partnerships.  Partnership   CONTENTS 1. Definition, features, advantages, and disadvantages 2. Business conditions suitable for partnership 3. Formation formalities, documentation 4. Rights of partners