FINANCIAL MOBILIZATION NOTES

FINANCIAL MOBILIZATION This is the process of transferring funds from those who have and are not willing to spend (resource abundant sectors) to those who do not have and are willing to spend (resolve deficit sectors) Financial mobilization is carried Read More …

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THE DIVIDEND POLICY DECISION NOTES

THE DIVIDEND POLICY DECISION Dividends are part of the earnings which are distributed to the ordinary shareholders for investing in the company. Dividend decisions are important to the company because of two main reasons; They provide the solution to the Read More …

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THEORY OF THE COST NOTES

These are expenses of a firm incurred during production process. Costs consist of payments to factors of production and therefore closely linked to the theory of production. Costs are derived from the production function. Costs are divided into two: Implicit Read More …

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THEORY OF THE FIRM NOTES

A firm refers to a single business unit or enterprise under one ownership, management and contact. It is an independently administered business organisation that makes decision on how to use resources to produce goods and services in order to make Read More …

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PRODUCTION FUNCTION NOTES

Production function is an expression of the relationship between physical quantities of inputs and output. It shows the maximum output that can be obtained from a given quantity of physical inputs.   As a statement Q = f(L,K,N,M,T). The relationship Read More …

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PRODUCTION THEORY NOTES

This industry specialises in production of liquid products. This therefore tells us that there was need or a gap in the market for the above products. As a result therefore, the founders of the industry met and agreed on starting Read More …

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PRICE MECHANISM NOTES

Facts Price mechanism is a system in a free enterprise economy in which resources allocation and prices are determined forces of demand and supply with little or no government interference. This depends on the forces of demand and supply. Read More …

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MICROECONOMICS NOTES

Discovery It should be noted that the most important party however is the buyer. All other parties work towards serving or fulfilling the needs of the buyer. This buyer is also called a customer or a consumer. A market has Read More …

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PRICE THEORY NOTES

Facts The degree of reaction of dependent variables to changes in independent variables is what is called elasticity. An independent variable is a factor that has an influence on another associated factor (that is called a dependent variable). Price of Read More …

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