FACTORS OF PRODUCTION AND THEIR THEORIES IN ECONOMICS – JAMB & WAEC GUIDE – KEY POINTS
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20.0 INTRODUCTION In economics, “factors of production” are the resources used to produce goods and services, …
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20.0 INTRODUCTION In economics, “factors of production” are the resources used to produce goods and services, …
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18.0 INTRODUCTION International trade refers to the exchange of goods and services between countries. TYPES …
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17.0 POPULATION Population is defined as the total number of people live together in the …
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16.0 INTRODUCTION A firm is a business organization that produces goods or services for sale in …
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15.0 INTRODUCTION Natural resources are resources that are drawn from nature and used with few …