MEDIAN, ADVANTAGES AND DISADVANTAGES OF MEDIAN. Definition of median: The median is defined as an average, which is the middle […]

types of mean in arithmetic. Apart from arithmetic mean, there are other types of means occasionally used for calculation. These

CONCEPT OF DEMAND AND SUPPLY Demand may be defined as the quantity of goods or services that consumers are willing

what is supply, curve, law and schedule, Supply simply refers only to the part of the total production actually offered

what is production and types of production? Production can also be defined as the creation of utility. All goods and

FACTORS THAT DETERMINE THE VOLUME OF PRODUCTION. The amount capital available to a producer determines the volume of Production. The

What is labour, types of labour and their features What is labour and types of labour. Labour can be defined

What is capital, types of capital and importance of capital Capital may be defined as man made assets used in

THE ENTREPRENEUR AND ITS FUNCTIONS. first of all, who is an entrepreneur? Definition of an entrepreneur an entrepreneur can be

EXTERNAL ECONOMIES AND DISECONOMIES. these are terms in economics that can be used to measure the advantages and disadvantages of

meaning of business organization. All business organisations, be it small or large, irrespective of the ownership ownership structure has same

private and public types of enterprises. enterprise and types of enterprises. enterprise is a business set up by the government

SOLE PROPRIETORSHIP  Sole proprietorship, what is sole proprietorship? this maybe defined as a form of business enterprise owned, financed and

REASONS FOR THE ESTABLISHMENT OF MANY PRIVATE ENTERPRISES IN WEST AFRICA(1) Type of economic system: The type of economic system

there are so many factors that affects the growth and type of firms and businesses. not withstanding underneath are some