by Sunday | Sep 29 | NABTEB QUESTIONS
A trade union is an association of workers that fight for higher wages and improved working conditions for members using collective bargaining.
by Sunday | Sep 29 | NABTEB QUESTIONS
The factors determining the supply of a commodity are: i. Cost of production: – A change in the cost of production will lead to a change in the supply of commodity. ii. The price of the commodity:- Increase in the price of a commodity will increase its supply...
by Sunday | Sep 29 | NABTEB QUESTIONS
The supply of a commodity is the quantity of the commodity that sellers actually offer for sale at a given price and at a particular time.
by Sunday | Sep 29 | NABTEB QUESTIONS
The problems associated with trade by barter include the following: i. The problem of double coincidence of wants: it is not easy to establish double coincidence of wants upon which exchange is based. ii. Time wastage: a lot of time is wasted before double coincidence...
by Sunday | Sep 29 | NABTEB QUESTIONS
Trade by barter is the direct system of exchanging goods for goods or services for services.
by Sunday | Sep 29 | NABTEB QUESTIONS
(i) Plantation Agriculture: Plantation agriculture has the following characteristics: (a) It involves cultivation of large acreage of land, hence the scale of production is large (b) In most cases, plantation agriculture involves cultivation of permanent or cash...