elementary theory of income determination, At the end of this chapter, students should be able to:. Identify sectors in the national economy and explain the elementary theory of income determination, outputs and income among the sectors.
Draw simple diagrams illustrating the circular flow of income
Explain the concepts of savings, investment and consumption and relationship among those concepts.
Explain simple concepts like the marginal propensity to consume and the marginal propensity to save and their relevance to the growth of national income.
Explain and illustrate the determination of equilibrium level of income.income equilibrium
ELEMENTARY THEORY OF INCOME DETERMINATION PROCESS
Theory of elementary theory of income determination states that The total income of a country is a reflection of real capital investment in that particular country.
The volume of investments is determined mainly by certain factors. These factors include expectation of entrepreneurs, rate of interest, savings, marginal efficiency of capital, and consumption.
LIVER FLUKE
162. ECTO PARASITES
163. TICK
elementary theory of income determination
- loans for businesses
- how to establish enterprises
- what is a firm
- price equilibrium
- scale of preference
- concept of economics
- economic tools for nation building
- budgeting
- factors affecting the expansion of industries
- mineral resources and the mining industries
. CROP ROTATION
17. GRAZING AND OVER GRAZING
18. IRRIGATION AND DRAINAGE
19. IRRIGATION SYSTEMS
20. INCUBATORS
21. MILKING MACHINE
22. SIMPLE FARM TOOLS
23. AGRICULTURAL MECHANIZATION
24. THE CONCEPT OF MECHANIZATION
25. PROBLEMS OF MECHANIZATION
26. SURVEYING AND PLANNING OF FARMSTEAD
27. IMPORTANCE OF FARM SURVEY
28. SURVEY EQUIPMENT
30. SUMMARY OF FARM SURVEYING
31. CROP HUSBANDRY PRACTICES
32. PESTS AND DISEASE OF MAIZE- ZEA MAYS
33. CULTIVATION OF MAIZE CROP
34. OIL PALM
35. USES OF PALM OIL
36. MAINTENANCE OF PALM PLANTATION
37. COCOA
38.
39. PROCESSES IN COCOA CULTIVATION
HOLING AND LINING
40. YAM
41. LAND PREPARATION FOR YAM
42. DEPT OF PLANTING
43. SPACING OF YAM
44. PLANTING DEPT OF YAM
45. STORAGE OF YAM
46. STAKING OF YAM
47. HARVESTING OF YAM
48. COWPEA
JUTE
49. FORAGE CROP AND PASTURE