13 Views · 5 months ago
In this video:
- We explain more on the ppf curve
- we construct the ppf curve
- we explain the causes of the shift of the ppf curve
15 Views · 5 months ago
In this Video we look at;
- Meaning of scarcity, choice and opportunity cost
- Relationship between Scarcity, choice and Opportunity Cost
12 Views · 8 months ago
Here, i introduce factors of production and i go ahead to explain in details land as a factor of production, its reward and uses including features.
Please, do the work and submit it to my whatsapp +256788042917 before uploading the next video
29 Views · 8 months ago
i explain the advantages and disadvantages of division of labor. please do the work and submit it to my whatsapp number.
13 Views · 8 months ago
here, we talk about types of production of which we say that there are three types;
- primary production
- secondary production
and tertiary production.
from we move on and talk abou specialization and division of labor introduction.
please, do the assignment in the video and submit the work to my whatsapp number before tomorrow when am posting another video.
My number is +256788042917
20,033 Views · 10 months ago
Hello, im doing all the topics in basic economics randomly to help the alevel students understand the topics better and easily. This is to help you supplement on the class lessons and if you need me to do for you a topic. place in a request, ill be glad to do that for you
8,044 Views · 10 months ago
Hello, Here is the marginal productivity theory of wages properly explained in a simplified way for all economics students. It is also known as marginal productivity theory of distribution for factors of production. in this video we examine how demand for labour relates with marginal revenue product, marginal factor cost and wages for the workers. The wages according to this theory are equal to the value of marginal product and this is inorder to maximise profits under perfect competition. its a major form of wage determination.