Showing posts from August, 2020
The level of disposable income. Savings depend on the income of consumers after income taxes have been paid. Savings will be high when disposable income is high and will fall when disposing income is falling. It should be note…
ADVANTAGES OF INTERNATIONAL TRADE An increase in output: International trade makes countries to specialize, and specialisation will lead to increase in output of goods and services in the world. Consumption of variety products…
ADVANTAGES OF STATE PLANNfED ECONOMY Pr ovision of public goods . Because production is not undertaken for profit, it is generally argued that there is a greater provision of public goods in the state planned economy. No pr…
The planned economic system is the one where ownership of resources is in the hands of the state alone. Decision taking on what to produce, how to produce and for whom to produce are also that of the state. There is a central pl…
This is one of the most important forms if condensation. It is a natural Air cleaner by washing down to the surface pollutants that have risen to the atmosphere. Defination : Precipitation is a broad term and refers to all for…
Pollution refers to the discharge of toxic waste product onto the land,air,water or noise which can be caused either by man or naturally. *OR* Pollution can till be defined as the contamination of air, water and Land by ei…