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19.0 INTRODUCTION International economic organizations are institutions that facilitate cooperation and address economic…
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16.0 INTRODUCTION A firm is a business organization that produces goods or services for…
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15.0 INTRODUCTION Natural resources are resources that are drawn from nature and used…
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14.0 INTRODUCTION INDUSTRIALIZATION – Industrialization is the process by which an economy transforms from…
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13.0 INTRODUCTION ECONOMIC GROWTH – It refers to the increase in a country’s output…
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12.0 INTRODUCTION Public finance is the study of how governments raise and spend money,…
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11.0 INTRODUCTION Financial institutions are organizations that provide financial services to individuals, businesses,…
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10.0 INTRODUCTION Money is anything that is generally accepted as a medium of…
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9.0 INTRODUCTION THE CONCEPT OF GROSS NATIONAL PRODUCT (GNP): The total value of all…
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8.0 INTRODUCTION Market Structure refers to the organization and characteristics of a market,…
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6.0 INTRODUCTION Production refers to the process of transforming inputs (factors of production)…
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5.0 INTRODUCTION Supply refers to the quantity of a good or service that…
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4.0 INTRODUCTION Demand refers to the quantity of a good or service that…
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3.0 ECONOMIC ANALYSIS Economic analysis is a systematic examination and evaluation of economic phenomena,…
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2.0 DEFINITION OF ECONOMIC SYSTEM An economic system refers to the structured way…
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ECONOMICS AS A SCIENCE Economics is the study of how individuals and societies allocate…