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Classwork Series and Exercises {Economics – SS2}: Wage Determination

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Economics, SS2, Week 4 Topic: Wage Determination Content  Meaning of Wage determination Factors of Wage determination Meaning of Wage Determination A “wage determination” is the listing of wage rates and fringe benefit rates for each classification of laborers and mechanics which the Administrator of Labor has determined to be prevailing in a given area for […]

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Classwork Series and Exercises {Economics – SS2}: Money

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Economics, SS 2, Week 1 Topic: Money Contents: Definition of money Qualities or Characteristics of Money Functions of Money Definition of Money Money Money is anything that is generally acceptable as a medium of exchange and in the settlement of debts. Money is anything that is generally acceptable as a means of payment. Qualities or

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Economics – Indigenization and Nationalization

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Economics, SS2, Week 6 Topic: Indigenization and Nationalization Contents: Meaning of Indigenisation Advantages of Indigenisation Disadvantages of Indigenisation Meaning of Nationalisation Reasons for Nationalisation Advantages of Nationalisation Disadvantages of Nationalisation Meaning of Indigenisation Indigenization can be defined as the transfer of ownership and control of business enterprises from foreigners to the indigenes. It is a

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