ECONOMICS As LEVEL(FORM FIVE) NOTES – THE SUBJECT MATTER OF ECONOMICS
THE SUBJECT MATTER OF ECONOMICSGenerally, the subject matter tells us about what we study in Economics. However for the sake of conveniences, economics is concerned
ECONOMICS As LEVEL(FORM FIVE) NOTES – TRADE CYCLE
TRADE CYCLETrade cycles can well be called Business cycles.It means the rise and fall in the level of economic activities in an economy over time.Trade
ECONOMICS As LEVEL(FORM FIVE) NOTES – THE THEORY OF MONEY
THE THEORY OF MONEYMoney refers to anything of value which is generally acceptable by the whole society to act as a medium exchange.Money is accepted
ECONOMICS As LEVEL(FORM FIVE) NOTES – THEORY OF DEMAND
THEORY OF DEMANDDemand refers to quantity of the goods and services consumers are able and willing to purchase at the prevailing price in a given
ECONOMICS As LEVEL(FORM FIVE) NOTES – PRIVATISATION
PRIVATISATION.It is the transfer of public sectors or enterprise to the private sectors. It is the selling of the government owned enterprises to the private
ECONOMICS As LEVEL(FORM FIVE) NOTES – ENVIRONMENTAL ECONOMICS
ENVIRONMENTAL ECONOMICSDEFINITION;-Environmental economics refers to as a form of progressive economics trying to account for various forms of market failure to better market in the
ECONOMICS As LEVEL(FORM FIVE) NOTES – EMPLOYMENT & UNEMPLOYMENT
EMPLOYMENT & UNEMPLOYMENTEmployment refer to the condition in which a resource (especially labour) is actively engaged in a productive activity usually in exchange for an
ECONOMICS As LEVEL(FORM FIVE) NOTES – THEORY OF MARKET
THEORY OF MARKETMeaning of marketMarket refers to a situation where buyers and sellers are in close contact exchanging goods and services and the price of
ECONOMICS As LEVEL(FORM FIVE) NOTES – PRODUCTION
PRODUCTIONProduction is the process of creating utility.In production there are four types of utilities which are form utility, time utility, place utility and possession utility.To
ECONOMICS As LEVEL(FORM FIVE) NOTES – POPULATION
POPULATIONPopulation refers to a group of people living in a particular geographical area at a specific period of time. Population size refers to the total