Resource Allocation
Gbogbo ọrọ náà
Nobody in the world is in charge of deciding how many loaves of bread get baked tomorrow. There is no bread ministry, no national loaf committee, no register of hungry people. And yet tomorrow morning the bakeries will open with roughly the right amount of bread, made from flour that arrived from mills that were told by nobody how much to grind. Something is coordinating all of that, and it is not a person.
This lesson is about the mechanism that does the coordinating. You will learn what economists actually mean by a market, why economists split markets into factor markets and product markets, and how an economy's work divides into three sectors whose relative sizes shift as a country develops. Then you will meet the oldest idea in the subject: that people and countries produce far more when each concentrates on one thing, and that this gain comes with a bill attached, paid by workers who repeat one task all day and by countries that put everything on one crop.
Ebumnobi
- Markets
- Allocation of resources
- Factor and product markets
- Economic sectors
- Primary, secondary and tertiary sectors
- Goods and services
- Specialisation, division of labour, and exchange
- The benefits of specialisation and division of labour and exchange
- The costs of specialisation and division of labour and exchange
Maapụ uche
E seela isiokwu a ka ị hụ otu echiche si ejikọta.
Mepee maapụ uche na ngwa
Akwụkwọ Ọmụmụ
Ndetu Nkuzi Zuru Ezu di na Ngwa Green Bridge
Nweta ngwa Green Bridge CBT na ekwenti gi ma o bu kompiuta maka ulo akwukwo IGCSE zuru oke: akwukwo ule ndi gara aga, usoro nyocha, eserese uche, kaadi omumu na nkuzi olu.
Nnyocha Ọmụmụ
Ekele diri gi maka imecha ihe karịrị na Resource Allocation. Ugbu a na ị na-enyochakwa isi echiche na echiche ndị dị mkpa, ọ bụ oge iji nwalee ihe ị ma. Ngwa a na-enye ụdị ajụjụ ọmụmụ dị iche iche emebere iji kwado nghọta gị wee nyere gị aka ịmata otú ị ghọtara ihe ndị a kụziri.
Ị ga-ahụ ngwakọta nke ụdị ajụjụ dị iche iche, gụnyere ajụjụ chọrọ ịhọrọ otu n’ime ọtụtụ azịza, ajụjụ chọrọ mkpirisi azịza, na ajụjụ ede ede. A na-arụpụta ajụjụ ọ bụla nke ọma iji nwalee akụkụ dị iche iche nke ihe ọmụma gị na nkà nke ịtụgharị uche.
Jiri akụkụ a nke nyocha ka ohere iji kụziere ihe ị matara banyere isiokwu ahụ ma chọpụta ebe ọ bụla ị nwere ike ịchọ ọmụmụ ihe ọzọ. Ekwela ka nsogbu ọ bụla ị na-eche ihu mee ka ị daa mba; kama, lee ha anya dị ka ohere maka ịzụlite onwe gị na imeziwanye.
- Which one of the following firms operates in the tertiary sector? A. A copper mine B. A car assembly plant C. A commercial bank D. A steel works Answer: C
- Which of the following best describes a market? A. A building in which goods are sold B. An opportunity for buyers and sellers to interact in order to establish price C. A government body that sets prices D. The total output of an economy in a year Answer: B
- A firm hires an accountant. In which type of market does this transaction take place? A. A factor market B. A product market C. A foreign exchange market D. A tertiary market Answer: A
- Which of the following is a drawback of the division of labour for a worker? A. Output per worker rises B. Less training is required C. The work becomes repetitive and motivation may fall D. Average costs per unit fall Answer: C
- As an economy's income per person rises over time, which change is most likely? A. The primary sector's share of output rises B. The tertiary sector's share of output rises C. All three sectors keep exactly the same share D. The secondary sector disappears Answer: B
Rue ajuju ndi a n'ime ngwa ahu
Rue ajuju ndi a n'ime ngwa ahu
Akwụkwọ A Na-atụ Aro
Meecha Ajụjụ Ule Ọmarịcha
Ị chọrọ ime ajụjụ ule ọmarịcha gbasara Resource Allocation? Budata ngwa Green Bridge CBT iji nweta ajụjụ ule ọmarịcha na nyocha zuru ezu gbasara isiokwu a.
Budata Ngwa Ahụ Na Google Playstore
Ihe nile ichoro iji nwee ihe ịga nke ọma na JAMB, WAEC & NECO.
