For commercial student offering economics in
Here are 50 powerful and amazing key points to blast Jamb 2019 Economics exam
Do not neglect this
1.Occupational distribution of a population refers to the classification of the working population into different types of work they engage in. It is the spread of a group across different occupation
2.The reward for capital is interest. Since the entrepreneur (owner of business) invested into the business by forgoing money at the end of the deal interest is acknowledge
3.Devaluation is the reduction in the value of the country’s currency in terms of other currency of the word. It is also the fall in the exchange value of a country’s currency in relation to the currencies of other countries.
4.Devaluation reduces the cost of a countries export and also combat trade imbalances that is it help shrink trade deficits.
5.Devaluation increases the cost of a countries imports so domestic consumers are less likely to purchase them.
6.Mortgage bank gives loans to investors on a long-term basis to build houses. But commercial banks can give loans to customers in form of cash and are not restricted to what the loan can be used for.
7.Capitalism is an economic system based on the private ownership of the means of production
8.In a capitalist economy, factors of production are owned and controlled by the business men.
9.The establishment of industries in rural areas will help to reduce rural-urban migration

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