Bussiness Studies

Question

Define the following terms:
1: Economics
2:Commercial
3:Accounting
4:Office practice

Answer 1

Economics-This is the study of how human beings strive to satisfy their endless wants using their available  scarce resources.
Commerce-This is the study of trade and aids to trade.
Accounting-This refers to the systematic way of recording business transactions which are all used for decision making.
Office practise-This refers to all activities carried out in an office.