by Sunday | Sep 30 | NABTEB QUESTIONS
Industrialization is the process of increasing the volume of productive activities and development of technology so as to increase the economic welfare of the people. It involves the development of the agricultural, mining, manufacturing, commercial, construction and...
by Sunday | Sep 30 | NABTEB QUESTIONS
i. Opportunity cost is the best alternative want sacrificed in order to satisfy another want due to scarcity of resources. For example, a farmer may utilize his limited resource to produce cocoa instead of yams. The yams foregone is the opportunity cost of the cocoa...
by Sunday | Sep 30 | NABTEB QUESTIONS
Limitations on division of labour: i. The extent of demand for the product/market ii. The managerial capability of the entrepreneur iii. The nature of the product e.g unique talent or directive service. iv. The efficiency/effectiveness of the distribution channel. v....
by Sunday | Sep 30 | NABTEB QUESTIONS
Division of labour is the breaking down of the production process into a number of separate operations with each operation being undertaken by an employee or a group of employee while specialization is the concentration of productive efforts on a particular activity...
by Sunday | Sep 30 | NABTEB QUESTIONS
Features of land: i. Land is geographically immobile ii. It is fixed in supply iii. Land is a free gift of nature iv. The quality and value of land very with its location v. It is subject to the law of diminishing marginal returns vi. The reward is...
by Sunday | Sep 30 | NABTEB QUESTIONS
Factors of production are the resources or inputs that must be combined in certain proportions to produce goods or services.
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
Original price was: ₦1,000.00.₦300.00Current price is: ₦300.00.