elementary theory of income determination

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 elementary theory of income determination

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

  1. loans for businesses
  2. how to establish enterprises
  3. what is a firm
  4. price equilibrium
  5. scale of preference
  6. concept of economics
  7. economic tools for nation building
  8. budgeting
  9. factors affecting the expansion of industries
  10. 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

29. PRINCIPLES OF FARM OUTLAY

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

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