Types of Production
This lesson defines production and explains its types, including primary, secondary, and tertiary production. It also discusses the extraction of raw materials and the transformation into finished goods.
- 16:46 “good example of them. Semi-skilled. We have skilled labor, semi-skilled and our skilled labor are those ones who does not need any training for whatever they would do. Like the get men, cocaine, the gardener, the house h...”
- 17:35 “machinery, equipment. All these things are being included as capital. Then we have reward for capital as interest. The reward for capital is world interest. Right, we have the entrepreneur. The entrepreneur is the owner...”
- 11:44 “business are being reduced. We also have the transport services fed of production on environment or society. Let us see, you can equally say the importance of production in our society. One is this, it provides employmen...”
Public Sector Accounting: Revenue and Expenditure
This lesson covers sources of government revenue and explains terms related to public sector accounting. It classifies expenditures into capital and recurrent categories and provides examples for preparing statements of revenue and expenditure.
- 05:46 “is capital in nature. Salaries is a recurrence expenditure. Purchase of beds is a capital expenditure repairs to Motoka is recurrence. Transport is recurrence while purchase of furniture is capital in nature. So, now let...”
- 08:08 “repairs to motoka, 26,000 nirah and transport, 123,000 nirah. Now use your calculator and calculate everything. What we are going to get will be 3 million, 820,000 nirah. You have solved the question. So a question askin...”
- 03:19 “something that is done regularly? No. So, it is more capital in nature. Purchase of Motoka is not something that is done regularly. So, it's a capital expenditure. Stationery is something that we do regularly. We use bai...”