January 2023

Specialisation,Division of Labour and Trade

By |2022-09-15T12:40:57+02:00January 24th, 2023|Notes, O Level Business Studies Notes, Ordinary Level Notes|

Assembly line production is an example of specialisation. Image credit Youtube.com Assembly line production is an example of specialisation. Image credit Youtube.com ZIMSEC O Level Business Studies: Specialization and division of labor.

Specialization

  • A situation where, by agreement, people who are more suited to perform a task as a result of technical […]
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Trade in the Mutapa State

By |2022-09-15T12:37:07+02:00January 24th, 2023|Notes, O Level History Notes, Ordinary Level Notes|

Gold is one of the items traded in Mutapa kingdom. Image credit idolator.com

ZIMSEC O Level History Notes: The Mutapa State (Kingdom): Trade in the Mutapa State

  • Three types of trade were done in the Mutapa state
  • That is, internal trade with the locals,
  • inter-regional trade with other states like the Ndebele […]
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Introduction to trade

By |2022-09-15T12:35:51+02:00January 24th, 2023|Notes, O Level Geography, Ordinary Level Notes|

Flow of goods and services in trade. Image credit uwaterloo.ca

ZIMSEC O Level Geography Notes: Trade:Introduction

  • Trade, or commerce, involves the transfer of goods or services from one person or entity to another, often in exchange for money.
  • It can also be defined as the flow of commodities and services from producers […]
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Trade between developing and developed nations

By |2022-09-15T12:35:51+02:00January 24th, 2023|Notes, O Level Geography, Ordinary Level Notes|

Tobacco is Zimbabwe’s top export product.

ZIMSEC O Level Geography Notes: Trade:Trade between developing and developed nations

  • Developing countries export mostly raw materials to developed countries and the volume of trade among developing countries is generally low.
  • Developing countries have the highest proportion of the world’ population and their economies are […]
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Factors influencing world trade

By |2022-09-15T12:35:41+02:00January 24th, 2023|Notes, O Level Geography, Ordinary Level Notes|

Trucks at the border between Zimbabwe and South Africa. Image credit BBC

ZIMSEC O Level Geography Notes: Trade:Factors influencing world trade

  • There are several factors that influence trade.
  • Some of these factors are:
  • National income

If a country’s income level (national income) increases by a higher percentage than those of other countries, […]

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Ways in which developing countries can improve trade

By |2022-09-15T12:35:40+02:00January 24th, 2023|Notes, O Level Geography, Ordinary Level Notes|

Processed platinum fetches a higher price than raw platinum

ZIMSEC O Level Geography Notes: Trade:Ways in which developing countries can improve trade

Trade in developing countries such as Zimbabwe can be enhanced by:

  • Diversification of their economies, that is, by producing a variety of new value added manufactured goods.
  • Investing in human […]
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The Southern African Development Community (SADC)

By |2022-09-15T12:35:40+02:00January 24th, 2023|Notes, O Level Geography, Ordinary Level Notes|

SADC Headquarters in South Africa.

ZIMSEC O Level Geography Notes: Trade:The Southern African Development Community (SADC)

  • Regional economic grouping can take the form of free trade areas, custom unions, common markets and economic unions.
  • Free trade areas: there are no trade barriers for the member states of the trade area. Member […]
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The benefits and problems facing SADC

By |2022-09-15T12:35:39+02:00January 24th, 2023|Notes, O Level Geography, Ordinary Level Notes|

Some of the SADC staff.

ZIMSEC O Level Geography Notes: Trade:The benefits and problems facing SADC

Benefits

  • The countries collectively from a large regional market.
  • Jointly, the countries have a diverse resources base. If exploited fully these would stimulate rapid economic growth within the region.
  • Bilateral trade between member states.
  • There are […]
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Domestic Trade in Zimbabwe

By |2022-09-15T12:35:39+02:00January 24th, 2023|Notes, O Level Geography, Ordinary Level Notes|

A vendor selling his wares

ZIMSEC O Level Geography Notes: Trade:Domestic Trade in Zimbabwe

  • Zimbabwe’s internal trade (domestic trade) is controlled by processing, manufacturing and marketing of agro-based products.
  • The flow of goods starts with the producer of raw materials, through to marketing boards, to manufacture, to wholesalers and retailers and […]
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