The arithmetic mean, also popularly referred to as the “mean” is the average of a series of figures or values. […]
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Category: Economics
Free Economics online learning lesson notes and videos for Secondary school and High school students. The lesson notes, videos and interactive slideshows are built on curriculum that is designed to meet national and international O’ Level standard for Senior High School or Senior Secondary school students (SS1, SS2, SS3 or SHS1, SH2, SH3) and Grade 9, Grade 10, Grade 11 and Grade 12 students.
Free online lesson notes and videos for the following exam preparations: WAEC, JAMB, Cambridge O’Level, NECO, GCE, British IGSCE, KCSCE, United States and Canada High School Exam preparations, etc.
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Localisation of Industries
Localisation of industries refers to the concentration of many firms of an industry in a particular area. Advantages And Disadvantages […]
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Location of Industries
Location of industry refers to the siting of an industry in a particular place. Factors Influencing Industrial Location Generally, location […]
An industry consists of a group of firms producing broadly similar commodities. Examples are the shoe industry, the transport industry, […]
MONOPOLY Monopoly is a market situation in which an individual or firm controls the total output or supply of a […]
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Imperfect Market
An imperfect market may be defined as the market in which prices of goods or services can easily be influenced […]
EQUILIBRIUM IN THE SHORT-RUN The short run is the period in which a firm can vary its output by changing […]
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Market Structure
In a physical sense, a market means a fixed place where people meet to buy and sell goods; that is, […]
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Trade Union
TRADE UNION A trade union is an association of workers formed to enable the members to take collective, rather than […]
UNEMPLOYMENT Unemployment is defined as a situation in which persons of working age, able and willing to work are unable […]