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SS 1 Economics First Term Week 7 Topic- Economic Problems of the Society Content- Meaning of the Basic Economic Problems How to Produce What to Produce […]
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Meaning of Inflation Inflation can be defined as the persistent rise in the general price level of goods and services. Inflation is the rate at which the general level of prices for goods and services is rising, and, subsequently, purchasing power is falling. Inflation occurs when the volume of purchases is permanently running ahead of
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Economics, SS2, Week 5 Topic: Market Structure Content Definition of Market Types of Market Perfect Market and Imperfect Market Meaning of Market Market is a point of contact, place or any means of communication where sellers and buyers can communicate with one another, to exchange goods and services at a particular price. It is a
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SS 1 Economics First Term Week 5 Topic– Theory of Production Contents– Meaning of Production Types of production Types of goods Importance of production Meaning
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SS 1 Economics First Term Week 2 Topi – Basic Tools for Economic Analysis Content Introduction Tables Characteristics and Importance of a Table Introduction The basic tools in economics are used for the interpretation and analyses of some problems which are often presented in statement which seems difficult to understand. The use of these basic tools
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Economics, SS 1, Second Term, Week 3 Topic: Theory of Consumer Behaviour Contents: Definition of utility Forms of Utility Concept of total, marginal and average utility Relationship between Total Utility and Marginal Utility Definition Of Utility Utility can be defined as the satisfaction derived from the purchase of a particular commodity. It is the satisfaction
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Economics, SS1, Week 7 Topic: Changes in Quantity Demanded. For previous not on “Demand” see:https://passnownow.com/namaste-lesson/theory-of-demand/ Contents: Factors affecting demand Change in quantity demanded Abnormal demand Causes of abnormal demand A change in demand is when the whole curve shifts and a change in quantity demanded is movement along the demand curve due to a change in
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Meaning of Public finance Public Finance can be defined as the collection of taxes from those who benefit from the provision of public goods by the governments and the use of those tax funds towards production and distribution of the public goods. Public finance is the study of the role of the government in the
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Economics SS2 Second term Week 2: Contents Definition of Trade by Barter Problems or Disadvantages of Trade by Barter Similarities and Differences between Money and Other Commodities Used for Exchange in Trade by Barter Definition of Trade by Barter Definition: Trade by Barter may be defined as a form of trading in which goods are exchanged
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Economics,SS 2, Week 3 Topic: Population Census Contents: Definition of Population Census Characteristics of a Good population Census Types of Population Census Importance or Reasons for Population Census Problems Associated with Population Census Definition of Population Census Population Census maybe defined as the head count of all nationals of a country at a particular time.
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