Mode is the figure or number which has the highest frequency. It is the number which occur most in the […]
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.
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The median
THE MEDIAN The median is defined as an average which is the middle value when figures are arranged in order […]
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Arithmetic Mean (A.M)
The arithmetic mean, also popularly referred to as the ‘mean’ is the average of a series of figures or values. […]
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Pie Chart: Representation of data
A PIE CHART SHOWING THE % OF DESTINATIONS OF CANDIDATES NOTE: Before drawing the pie chart the following table process […]
A table is an orderly arranged list of information, facts or data, usually set out in rows and columns, and […]
In every economic system, what to produce, how to produce, for when to produce and efficiency of the resources used […]
The concept of the opportunity cost underlines the basic economic problems of scarcity and choice, and is relevant to the […]
The basic concept or elements of economics are: wants, scarcity, scale of preference, choice and opportunity cost. Wants Wants simply […]
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Economics as a science
Economics can be called a science. It has many laws like the physical sciences. The economist observes the behaviour of […]
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