CONTENT Meaning of Rationing and Hoarding Effects of Rationing and Hoarding Black Market and its Effects DEFINITIONS: RATIONING: is a […]
Tag: SHS 2 1st Term Economics
CONTENT · Meaning Objectives Types (Minimum and Maximum) Effects of price control policy PRICE CONTROL POLICY: is defined as a […]
CONTENT Definition Types (Positive and Negative) Measurement of Income Elasticity of Demand DEFINITION: Cross Elasticity of Demand is the degree […]
CONTENT Definition Types (Positive and Negative) Measurement of Income Elasticity of Demand DEFINITION: Income elasticity of demand is the degree […]
CONTENT Meaning of Elasticity of Supply. Formula for Calculating Elasticity of Supply. Graphical Illustration of Elasticity of Supply. DEFINITION – […]
CONTENT Definition of Elasticity of Demand Types of Elasticity of Demand Price Elasticity of Demand Types of price elasticity of […]
CONTENT Change in Quantity Demanded Change in Demand Change in Quantity Supplied Change in Supply Effects of change in demand […]
CONTENT Definition of Utility Cardinal school of thought/Assumption Concept of Total, Average and Marginal Utility The law of Diminishing Marginal […]
CONTENT Range Mean Deviation Variance Standard Deviation MEASURES OF DISPERSION: also known as measures of spread or variation describes how […]
CONTENT MEAN MODE MEDIAN MEASURES OF CENTRAL TENDENCY: are the values which show the degree to which a given data […]