Categories
Economics Notes

Firm, Plant and Industry; Total, Average and Marginal Product

CONTENT Definition of Firm, Plant and Industry Factor that Determine the Size of a Firm Concept of  Products: Total Product […]

Categories
Economics Notes

Scale of Production, Internal and External Economies Diseconomies of scale

CONTENT Meaning of Scale of Production Types (Small, Medium and Large) Internal and External Economies of Scale Internal and External […]

Categories
Economics Notes

Division Of Labour And Specialization

CONTENT• Meaning• Advantages and Disadvantages• Limitation DIVISION OF LABOUR: is the breaking of production processes into smaller units or processes […]

Categories
Economics Notes

Capital and Entrepreneur as factor of production

CAPITAL AS A FACTOR OF PRODUCTION CONTENT Meaning Characteristics Types Importance CAPITAL: is a man- made asset  which is used […]

Categories
Economics Notes

SS1 2nd Term Economics scheme of work

SECOND TERM E-LEARNING NOTE SUBJECT: ECONOMICS                                                                           CLASS: SS1 SCHEME OF WORK WEEK            TOPIC Capital as a Factor of Production-Meaning, […]

Categories
Economics Notes

Labour as a factor of production

CONTENT Meaning of labour Characteristics of labour Types of labour Importance of labour Efficiency of labour LABOUR may be defined […]

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Economics Notes

Land as a factor of production

CONTENT Meaning of Land Characteristics of Land Importance of Land (contributions) Law of Diminishing Returns LAND: This is nature`s contribution […]

Categories
Economics Notes

Production: Types, Reward and factors that affect production

CONTENT Meaning of Production Types (Primary, Secondary and Tertiary) Factors of Production and their Reward Factors that Determine Volume of […]

Categories
Economics Notes

Data collection and Presentation: Frequency Table, Mean, Median, Mode, Central Tendency

CONTENT Formulation of frequency table for ungrouped data Measures of central tendency: FORMULATION OF FREQUENCY TABLE FOR UNGROUPED DATA UNGROUPED […]

Categories
Economics Notes

Tools of Economics analysis

CONTENT Tables or schedules Graphs Bar  chart (simple, component and multiple) Pie Chart Merits and demerits You must watch the […]