TOPIC 20: ECONOMIC GROWTH AND DEVELOPMENT ~ ECONOMICS FORM 6 Economic growth is the quantitative increase in national income produced in an economy.OR Economic growth is the increase in the market value of the goods and services produced by an economy over time.It is conventionally measured as the percent rate of increase of real gross … Read more
TOPIC 19: STRUCTURE OF TANZANIA ECONOMY ~ ECONOMICS FORM 6 INTRODUCTION The economic structure of Tanzania is the topic/ concept which explain and analyze economic aspects which form Tanzania economy and features of Tanzania economy. The structure of Tanzania economy deal with analyzing economic sector which form Tanzania economy and an ownership system available in … Read more
TOPIC 18: ECONOMIC PLANNING ~ ECONOMICS FORM 6 Introduction Economic plan is the set of goals/objectives that a person/government intends to achieve within a specified period. Economic planning is the process of organizing available resources of a country or individual for the purpose of fulfilling certain objectives/ pre determined objectives. Planning can be done by … Read more
TOPIC 17: ECONOMIC INTEGRATION AND COOPERATION ~ ECONOMICS FORM 6 CONCEPT OF ECONOMIC INTEGRATION: Economic integration is the union of countries which has common objectives and agreed to cooperate in order to create collective bargaining so as to enjoy social, political and economic advantages. Economic integration is the union of countries/ group of countries which … Read more
TOPIC 16: INTERNATIONAL TRADE ~ ECONOMICS FORM 6 INTERNATIONAL TRADE – Is the trade taking place between two or more countries. Bilateral trade – Is the trade taking place between two countries Multilateral trade : Is the trade taking place between more than two countries. Domestic trade: Is trade involving exchange of commodities within the … Read more
TOPIC 15: MARKETING AND DISTRIBUTION ~ ECONOMICS FORM 6 Marketing: refers to making communication about products or services. A purpose of which is to encourage the receipt of the communication to purchase/ use the product of the service -Marketing involves finding what customers want, setting out to meet their needs provided and it can be … Read more
TOPIC 14: FINANCIAL INSTITUTION ~ ECONOMICS FORM 6 These are institution which stands between surplus spending unit and deficit spending units. These are institution which acts as a goal between transferring funds from those who have surplus to those who are spending. THEY PLAY THE FOLLOWING ROLES They transfer funds from those with surplus to … Read more
TOPIC 13: PUBLIC FINANCE ~ ECONOMICS FORM 6 – Is the study of how the government or public sector pays for or finance expenditures through taxes and borrowing .Public finance adapts and applies the fundamental microeconomic theory of markets to the public sectors and government sectors.In particular,this area of study analyses the efficiency of taxes … Read more
TOPIC 12: NATIONAL INCOME ~ ECONOMICS FORM 6 Definition: Is the total flow of income obtained by individual in an economy within a year. OR -Is the total value of all the expenditure by different people, government within an economy at a period of one year. OR -Is the value of final goods and service … Read more
TOPIC 11: ENVIRONMENTAL ECONOMICS ~ ECONOMICS FORM 5 ENVIRONMENTAL ECONOMICS DEFINITION; -Environmental economics refers to as a form of progressive economics trying to account for various forms of market failure to better market in the future and lead to more widespread forms among people. -Environmental economics looks a lot of environmental policies in a country … Read more