Which of the following contributed least to the evolution of commercial activities in Nigeria?
Development of banks
Development oftransportation
Development of trader's unions
Development of currencies
Explanation
No explanation available
Video Explanation
No video available
Post your Contribution
Discussions (6)
Wrong again. The development of a trader's union is the least factor that led to the development of commerce.
Wrong again. The development of a trader's union is least factor that led to the development of commerce.
The correct answer is C. Development of trader's unions.
Trader's unions have played a role in promoting the interests of traders and merchants in Nigeria, but their impact on the evolution of commercial activities has been relatively limited compared to the other options:
A. The development of banks has been crucial in facilitating financial transactions, providing credit, and promoting economic growth in Nigeria.
B. The development of transportation infrastructure, such as roads, railways, ports, and airports, has greatly improved the movement of goods and people, connecting Nigeria to global markets and stimulating commercial activities.
D. The development of currencies, particularly the introduction of the Nigerian naira, has standardized the medium of exchange and facilitated trade within the country.
Trader's unions have played a role in advocating for traders' rights and interests, but their impact on the broader evolution of commercial activities in Nigeria has been relatively limited compared to the other factors.
