NATIONAL INCOME IN ECONOMICS – JAMB & WAEC GUIDE – KEY POINTS

9.0 INTRODUCTION THE CONCEPT OF GROSS NATIONAL PRODUCT (GNP): The total value of all final goods …

MARKET STRUCTURES IN ECONOMICS – JAMB & WAEC GUIDE – KEY POINTS

8.0 INTRODUCTION Market Structure refers to the organization and characteristics of a market, influencing the …

7.0 INTRODUCTION In business, cost refers to the total expenditure incurred to produce a good …

6.0 INTRODUCTION Production refers to the process of transforming inputs (factors of production) into …

5.0 INTRODUCTION Supply refers to the quantity of a good or service that producers are …