Trade

Students learn to differentiate between local and international trade, classifying types and forms (visible/invisible). They identify associated challenges, describe its importance, and discuss terms like balance of trade and payment. The topic includes analysing the functions of the World Trade Organisation (WTO). This knowledge helps learners understand Zambia's place in the global economy, a relevant area for ECZ examinations and the Competence-Based Curriculum's aim to develop awareness of international economic relations and their local impact.