Economics

Post Views: 0 THE CONCEPT OF LABOUR FORCE Labour force can be defined as the total number of people of working age in a country who are gainfully employed and… Read More »LABOUR MARKET

Post Views: 0 THE MALTHUSIAN THEORY OF POPULATION The Malthusian theory of population is the outcome of an essay title ‘An essay on population written in 1798 by Reverend Thomas… Read More »THEORIES OF POPULATION – FULL EXPLANATION

Post Views: 1 A population census refers to the head – count of the people. It is the process by which the number of people living in a country or… Read More »POPULATION CENSUS

Post Views: 1 Population refers to the total number of people living within a geographical area or country at a particular time. FACTORS AFFECTING POPULATION GROWTH There are three major… Read More »POPULATION

Post Views: 0 A private limited liability company is defined as one which by its activities restricts the rights to transfer its shares, limits the number of its shareholders from… Read More »PRIVATE LIMITED LIABILITY COMPANY

Post Views: 0 Business organization can be defined as an enterprise set up by an individual or group of individuals, government or its agencies for the main purpose of making… Read More »BUSINESS ORAGNISATION | TYPES, PUBLIC ENTERPRISES, SOLE – PROPRIETORSHIP, PARTNERSHIP

Post Views: 0 FIRM The firm is an independently administered business unit carrying out production, construction, or distribution activities. Examples of firm in Nigeria are Dangote cement, Cadbury Nigeria Plc.… Read More »DEFINITION OF FIRM, PLANT AND INDUSTRY FIRM

Post Views: 0 SCALE OF PRODUCTION: This simply means the size of a firm’s productive capacity. Scale of production also refers to the size of operation adopted by firm. A… Read More »SCALE OF PRODUCTION | SMALL, MEDIUM & LARGE

Post Views: 0 Division of Labour is defined as a system of breaking down production processes into different stages so that each stage is undertaken or handled by an individual… Read More »DIVISION OF LABOUR: ADVANTAGES, DISADVANTAGES, LIMITATIONS & SPECIALISATION

Post Views: 0 Capital can be defined as wealth reserved or set aside for the production of further wealth. Capital also refers to all man – made productive assets, that… Read More »CAPITAL: TYPES OF CAPITAL, IMPORTANCE OF CAPITAL & ENTREPRENEUR

Post Views: 0 Localisation of  industries refers to the concentration of many firms of an industry in a particular area. Advantages And Disadvantages Of Localisation Localisation has both merits and… Read More »LOCALISATION OF INDUSTRIES

Post Views: 0 Location of industry refers to the siting of an industry in a particular place.                       Factors Influencing… Read More »LOCATION OF INDUSTRY

Post Views: 0 Meaning Industry An industry consists of a group of firms producing broadly similar commodities. Examples are the shoe industry, the transport industry, the cement industry, etc. The… Read More »INDUSTRIES IN NIGERIA

Post Views: 0 An imperfect market may be defined as the market in which prices of goods or services can easily be influenced by the sellers or buyer. In other… Read More »IMPERFECT MARKET

Post Views: 0 In a physical sense, a market means a fixed place where people meet to buy and sell goods; that is, a market place. In economics, a market… Read More »MARKET STRUCTURE

Post Views: 0 Supply of labour may be defined as the total number of people of working age offered for employment at a particular time and at a given wage… Read More »SUPPLY OF LABOUR

Post Views: 0 Labour market is defined as a market which workers and employers are brought into contact and conditions of work are decided.  It is made up of people… Read More »LABOUR MARKET

Post Views: 0 Revenue refers to the income derived by a producer or firm from business activities or from the sale of his or its products.        … Read More »REVENUE CONCEPT

Post Views: 0 MEANING OF COST OF PRODUCTION Cost of production can be defined as the sum of total of all the payment to the factors of production used in… Read More »COST CONCEPT

Post Views: 0 A production possibility curve (PPC) is a graphical or diagrammatic illustration of all possible bundles or combinations of two types of goods which a society can produce… Read More »PRODUCTION POSSBILITY CURVE