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Get 4gb Data, 25% Data Bonus For 3months And 4gb Mifi Data On Airtel

Fri Feb 23, 2018 2:41 am by emmy


Recently Airtel launched their 4G service in Nigeria..

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How To Check Glo Data Balance

Tue Feb 20, 2018 12:48 am by emmy


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Get 10gb Free Data,8k/s Calls And 500% Data Bonus On Ntel Wawu Sim Card

Tue Feb 20, 2018 12:30 am by emmy

Have you heard of NTEL WAWU SIM CARD. Ntel wawu sim is preloaded with awesome bonuses ranging from data to calls services..

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Sat Feb 17, 2018 9:35 pm by emmy

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How To Check Your Phone Number On Mtn, Glo, Airtel and 9mobile

Wed Feb 14, 2018 5:27 pm by Snows

How  To Check Your Phone Number on 9mobile, Mtn, Glo and Airtel

Some people may be serious to know their numbers at some point. Some may not even have theirs off-hand - they will need to be in touch with it at certain intervals when they are needed, especially when someone requests for it.
This post was …

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2018/2019 Waec Gce Economics Objective and Essay Answers | Exam Runs Jan/Feb

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PostEmmi on Mon Feb 05, 2018 12:16 pm

2018/2019 Waec Gce  Economics Objective and Essay Answers now available, Get verified  Economics Objective and Essaywaec gce 2018 answers here, 2018  waec gce expo for Economics Objective and Essay answers here,exam runs for waec gce  Economics Objective and Essay

Tuesday  6 February 2018 
Economics 2(Essay) 9:30am - 11:30am 
Economics 1(Objective) 11:30am - 12:30pm



Economics Essay Answers 


 I. Socialism

 Ii. Capitalism



Ii. Socialism


One of the main disadvantages of a capitalistic system is a huge discrepancy in the rates of wages. Because of significant differences in income, money in a capitalistic system is distributed disproportionately. Capitalist economies generally have a substantial group of residents living near or below the poverty level and at the other end of the spectrum, a select few living in immense luxury. Capitalist systems have repeated cycles of financial crises, inflation, recession and stagflation, with the possibility of major economic depressions. Job insecurity is ever-present in a capitalistic system and periods of high unemployment are the norm.

Maximum price legislation by law st which commodities can be sold. The sellers can sell below the maximum price but not above the maximum price. Its usually below the equilibrium price & it can result to excess demand, rationing and black market.

I. To Prevent Consumers From Producer's Exploitation
2. To Avoid,Minimize Or Control Inflation
3. To Protect The Low Income Earners.

1. It discourage excess demand which might result in queue and making of profits from illegal activities such as fraud.
2. It create black market and high prices
3. It encourage hoarding of goods by the middlemen
*6a* Economies of scale is a practical concept that may explain real world phenomena such as patterns of international trade or the number of firms in a market.

Net migration is the difference between the number of immigrants (people coming into an area) and the number of emigrants (people leaving an area) throughout the year.

(i) Increased size  of the Labour force in urban centres: The drift to the urban centres increase the number of people who are available for work in the companies, commercial institutions etc. 
(ii) Urban unemployment is aggravated: The migration of many people to urban centres increases the number of people seeking employment in these urban areas
(iii) Explosion of demand in urban centres for social service: Demand for social facilities such as housing, medical facilities, education facilities, electricity, pipe-borne water etc will be far I'm excess of their supplies 
(iv) Increased government Expenditure:it would necessitate the diversion of funds from productive investment to the provision of social amenities thereby altering priorities

(i)The establishment of industries and project to absorb the rural working population
(ii)Establishment of educational institutions in rural areas
I. Managerial economics is the "application of the economic concepts and economic analysis to the problems of formulating rational managerial decisions

Ii..Technical progress (or technological progress) is an economic measure of innovation.

I. business expansion
Ii.As some firms grow in size their unit costs begin to fall because of: ... Research and development 
Iii.economies from spreading the fixed costs of developing new or improved products over a larger level of output.
Iv. it also lead to development of the economy

A tax is a mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.

 TAX EVASION is the illegal non-payment or underpayment of tax.
While TAX AVOIDANCE is the the arrangement of one's financial affairs to minimize tax liability within the law.

I. Protecting industries
Ii. Saving jobs
Iii. Playing fair
Iv. Foreign policy goals mandatory financial charge or some other type of levy imposed upon a taxpayer by a governmental organization in order to fund various public expenditures.


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