Educational Resources for All
Some of the parastatals set up by the government include; Industrial and commercial development cooperation (I.C.D.C) It was established in 1954 to provide the financial facilities in the field of commerce and industry. It was required to; Help African industrialist Read more
These are voluntary non-trading associations of people connected with commerce, trade and industry. The membership consists of traders, brokers, bankers, industrialists and other persons engaged in trade industries or commerce. The important services rendered by them are; Make representation to Read more
The ministry is responsible for the promotion and development of home and foreign trade. It regulates the retail and wholesale trade and provides some advisory services to the traders. It takes on measures to increase the exports of Kenya products Read more
Through regulation-this is mainly through licensing of businesses.the government licenses businesses for reasons such as; Ensuring traders engage in business activities for which they have licenses. Controlling of illegal business in the country. Ensuring those who engage in professional activities Read more
To correct for market failure(this mainly arises where the buyers and sellers lack information and don’t understand the prevailing market conditions).ie to close the information gap. To achieve a more equitable distribution of wealth and income. To improve the performance Read more
The government is the body of persons who rule the country. The main functions of the government are: Protective function –Maintaining peace and security in the country and protect the country against external aggression. Social function-Provides social services are vital Read more
Brokers deals with general public directly while jobbers are not allowed to deal with general public directly. Brokers earn a commission while jobbers earn a turn known as profit. Brokers are agents (don’t buy securities in their own needs) while Read more
Both operate in the securities market Both do not hold shares for investment purposes. Activities of both are regulated by the rules of the securities market.
Brokers-this is a dealer at market who buys and sells securities on the behalf of the public investors.he is authorized by C.M.A to deal with quoted securities only and gets a commission for kind of work done. doesn’t buy shares Read more
Quotation is consent by the stock exchange for companies’ securities to be dealt with in the securities market i.e. to be bought and sold in the securities market. Advantages of Quotations A quoted company is able to raise finances quickly Read more