ECONONMICS SECOND TERM NOTES: SCHEME OF WORK LABOUR MARKET ELEMENTARY TREATMENT OF UTILITY THEORY PRICE DETERMINATION MARKET STRUCTURE INDUSTRIES IN NIGERIA AGRICULTURE TOPIC: LABOUR MARKET UNEMPLOYMENT Unemployment is…
ECONOMICS FOR SSS 1 SECOND TERM TOPICS Scheme Of Work FIRMS AND INDUSTRY POPULATION LABOUR MARKET THE NATURE OF THE NIGERIAN ECONOMY AGRICULTURE TOPIC: FIRMS AND INDUSTRIES Definitions of Firm…
TOPIC: THEORY OF PRODUCTION MEANING OF PRODUCTION Production can be defined as the transformation of raw materials into finished goods and the distribution and provision of goods and services in…
Factors That Affect Supply and Demand Price fluctuations: Price fluctuations are a strong factor affecting supply and demand. When a product gets expensive enough that the average consumer no longer…
Price fluctuations: Price fluctuations are a strong factor affecting supply and demand. When a product gets expensive enough that the average consumer no longer feels it is worth it to…
Labour market is defined as a market which workers and employers are brought into contact and conditions of work are decided. It is made up of people who are looking…
An economic system may be defined as a medium or an organized way by which the means of production in a state are utilized in order to satisfy human wants.…
Revenue is defined as the income received by a firm or organization from the sales of its product. In other words, revenue is defined as the receipt that a firm…
Millions Numbers written in millions must contain at least 7 digits. The seven digits must have two spaces separating them in “threes” from the right-hand side. Examples: 12 000 000 stands for 12…
What are whole numbers? Whole Numbers are also called Integers. There are positive Integers and negative Integers. Examples of positive integers are 1, 2, 3, 4, 5, etc., while examples of…