Production II
Commerce SSS1 First Term
WEEK 5
Production II
Performance Objectives
The student should be able to:
- List the factors that determine the volume of Production
- Explain the factors of Production
- Explain division of Labour, Advantages and Disadvantages and limitation to division of labour,
- Discuss Specialization and Exchange, Interrelation between production, division of Labour, Exchange and Specialization.
Content
FACTORS THAT DETERMINE THE VOLUME OF PRODUCTION
The market size:The size of the market refers to the demand for goods produced. The greater the demand for the goods; the greater the volume of production
The efficiency of other factors of production:The more the efficiency of other factors of production, the more the increase in the volume of production.
Level of technology:
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- Commerce
- History of Commerce in Nigeria
- Occupation
- Production
- Production II
- TRADE
- Commerce SSS1 First Term Mid-Term Assessment
- Test
- HOME TRADE - Retail Trade
- SMALL SCALE RETAILING – Market Traders
- LARGE SCALE RETAIL TRADE I
- LARGE SCALE RETAIL TRADE II
- Modern Trend in Retailing
- Modern Trend in Retailing Con’t
- Commerce SSS1 First Term Final Assessment
- Test
- Chapters 14
- Category SSS1
- Author ClassNotes Edu
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