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Economics

Classwork Series And Exercises {Economics – SS2}: Distributive Trade

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Economics, SS2, Week 1 Topic – Distributive Trade Contents Meaning of distributive Process of distribution Meaning of Distributive Trade Distributive trade is defined as the totality of all forms of trade activities, from the procurement of goods from the manufacturer, to delivery these goods to the consumers. It includes wholesale and intermediation trade, retail and […]

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Classwork Series and Exercises {Economics – SS1}: Business Organisation

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Economics, SS1, Week 5 Topic: Business Organisation Contents: Definition of Business Organisation Types of Business organization Characteristics or features of Business organisation Definition of Business Organisation Differences between Private and Public Enterprises Business Organisation Business Organization can be defined as an enterprise set up by an individual or group of individuals, government or its agencies

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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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Classwork Series and Exercises {Economics – SS1}: Theory Of Cost

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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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Classwork Series and Exercises {Economics – SS2}: Taxation

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Economics, SS2, Week 5 Topic: Taxation Contents: Meaning of taxation Features/ characteristics Principles of a good tax system Reasons Government impose tax Problems associated with tax collection Meaning of Taxation Taxation can be defined as the means by which government finance their expenditure by imposing charges or citizens and corporate entities Taxation is also defined

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FREE VARIATION: Which is Correct? TO-MAY-TO or TO-MA-TO

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In phonetics, free variation is an alternative pronunciation of a word (or of a phoneme in a word) that doesn’t affect the word’s meaning. Free variation is free in the sense that it doesn’t result in a different word. Usually there are reasons for it, perhaps the speaker’s dialect, or the emphasis the speaker wants

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Classwork Exercise and Series (Economics-SS3): Elementary Theory Of Income Determination (II)

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The circular flow of income circular flow is a model of the economy in which the major exchanges are represented as flows of money, goods and services, etc. between economic agents The flows of money and goods exchanges in a closed circuit and correspond in value, but run in the opposite direction. The circular flow

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Classwork Exercise and Series (Economics- SS3): Elementary Theory Of Income Determination (I)

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The concept of savings Saving is income not spent, or deferred consumption. A method of saving includes putting money aside in, for example, a deposit account, a pension account, an investment fund, or as cash. Saving also involves reducing expenditures, such as recurring costs. It is any income not used for immediate consumption. Savings is

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Classwork Exercise and Series ( Economics- SS2): Distributive Trade

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Meaning of Distributive Trade Distributive trade is defined as the totality of all forms of trade activities, from the procurement of goods from the manufacturer, to delivery these goods to the consumers. It includes wholesale and intermediation trade, retail and trade in motor vehicles and motorcycles trade Distributive Trade is known as the chain of

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