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Meaning of wages Wages can be defined as the payment made by the entrepreneur to the labor for services rendered in the process of production. Wage is the reward for labor as later discussed in the factors of production. It is the reward paid for the service of a labor. A wage is monetary compensation […]
Classwork Exercise and Series (Economics- SS2): Wages Read More »
Definition of Demand Demand can be defined as the ability and willingness to buy a specific quantity of goods or services at a given price and at a particular period of time. Demand is not the same as want or desire , as want or need is defined as just a mere desire for a
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For most of us, there is always that one subject in school that we just can’t master. The most common is maths! While it may not be easy, there is a way to do well in that subject, depending on how hard you try. Prepare yourself for the subject. Buy all the supplies you need
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