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 […]

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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 […]

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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 […]

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Economics Notes

Basic Economic Problems Of The Society

CONTENTS Importance of opportunity cost as related to: Individuals, Firms or organisations Governments IMPORTANCE OF OPPORTUNITY COST TO INDIVIDUAL It […]

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Economics Notes

Importance Of Opportunity Cost To Individual

CONTENTS Importance of opportunity cost as related to: Individuals, Firms or organisations Governments IMPORTANCE OF OPPORTUNITY COST TO INDIVIDUAL It […]

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Economics Notes

Basic Concepts Of Economics

CONTENT Concepts of wants and scarcity Choice and scale of preference Opportunity cost. CONCEPT OF HUMAN WANTSWants refer to numerous […]

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Economics Notes

Economics As A Science, Arts Or Social Science

CONTENT Is Economics a science, Art or social subject? Career prospect for studying economic. ECONOMICS AS A SOCIAL SCIENCE Like […]

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Economics Notes

Definition and the scope of Economics

CONTENT Definition and meaning of Economics The scope of Economics Why do we study economics? DEFINITION AND MEANING OF ECONOMICS […]