Division of labour is an arrangement by which the production process is divided into separate tasks with each task being…
Functions of money: i. Medium of exchange: transactions are facilitated through the use of money exchange ii. Unit of accounts:…
Money is a generally acceptable means of making payments for goods and services and for settling debts. Acceptability can arise…
The factors that can lead to economic development in any economy are: i. Embarking on manpower training programmes through greater…
Economic growth refers to a sustained increase in the output of goods and services while economic development involves positive transformation…
The functions of price system are: I. Allocation of resources: the price system rations out scarce resources among competing entrepreneur/economic…
Price mechanism is the process of determining the prices of goods and services through the interaction of the forces of…
The weapons of trade union are: I. Collective bargaining involving negotiations between the trade union and management II. Threats of…
A trade union is recognised body of workers whose aim is to secure higher wages and improve conditions of service…
The measures the government can take to curb unemployment in Nigeria are: i. Total over-hauling and restructuring of the educational…