Public Enterprises
This lesson covers the definition of public enterprises and their types. It explains how they are formed, the sources of their capital, and the reasons for government ownership. The advantages and disadvantages of public enterprises are also discussed.
- 07:20 “revenue. Now this revenue is plunged back into the business, that is it is put back into the business to grow the business. Now the fact that it's like I said the fact that it's not the main aim to make profit doesn't me...”
- 11:18 “corporations is sometimes meant to protect the integrity and sovereignty of a country. Now to prevent exploitation. The aim of any private investor is to maximize profit but there are some social responsibilities in whic...”
- 13:39 “to ensure the success of such corporations in the interest of the public. You know when private organizations exist, when private organizations exist in the particular industry when they usually have competitors and a lo...”
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.
- 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...”
- 10:57 “to get those goods to be consumers are either by air, by water or by road, okay? And before those goods will be able to get to the consumer, it may be stored in our warehouse, okay? Until those goods are being needed. An...”
- 09:16 “services, we can also divide them into three direct services, an environment to have commercial, direct services are those ones who give you direct service and pay for the services given to you. All right? In direct, tho...”
Factors of Production
The lesson covers the concept of production and its types. It explains the factors of production, division of labor, and specialization. The advantages and disadvantages of division of labor and large scale production are also discussed.
- 33:30 “goods that is internal economies. The things that happen on the inside that brings about, what would I call it now, a shortfall to that internal, these economies. The things that happen on the outside that brings about g...”
- 18:26 “So you have your land, you have the label, you have the capital. We need coordinating elements. Those factors of production do not, they can't take initiative. They can't walk by themselves. Someone has to, one element h...”
- 19:17 “many other forms of organizations, what you have is a group of people, you could have a board of directors, you could have a board of executives, and they take on this rule of entrepreneurship or enterprise. Now the rewa...”
Structure of the Nigerian Economy
This lesson covers the nature and structure of the Nigerian economy. It explains the primary, secondary, and tertiary sectors and their contributions to the economy. The lesson also discusses the economic activities in different geopolitical zones of Nigeria.
- 05:37 “So it means that the tertiary sector are majorly involved in rendering of services. They do not produce manufactured goods. What they do is that they render services, either rendered services in the process of distributi...”
- 19:34 “My name is Mr. Balogum Abdullah, till the next class. [MUSIC]”
- 06:25 “reliant on farming and extractive industries such as oil and gas to one which is making more money or GDP from manufacturing or secondary industries and more services in the tertiary sector. What this means is that both...”
Cleaning Agents and Cosmetics Production
This lesson covers the definition and types of cleaning agents, including commercial and homemade varieties. It also discusses the preparation of homemade cleaning agents and cosmetics, along with safety and regulatory aspects related to cosmetic products.
- 17:00 “We have number one, which is what most people know, which is Navdaq. And it is National Agency for Food and Drugs Administration Control. That is Navdaq. National Agency for Food and Drugs Administration Control. And we...”
- 19:20 “1992 and their functions include number one, issuing guidelines to manufacture us, import us, dealers and also us in relation to the obligation. And number two, undertaking complaints and other forms of duties, as I've s...”
- 22:40 “various industry and whatsoever thing that we are producing in the country because the environment also matters in giving us our products. Some people they will have produced something of good quality in their production...”
Departmental Accounts
This lesson covers the definition and purpose of departmental accounts. It explains how to prepare these accounts to show the performance of different departments in a business. The lesson also discusses the advantages of using departmental accounts for comparison, error detection, and managerial as
- 02:30 “than the other, the commission it receives will be more than others. Therefore, it helps in monitoring the progress of each department. Five, the growth profits of each department can easily be ascertained. Now, what hap...”
- 11:05 “If there are up to five departments, you need to create columns for each of the five departments. Because you want to compare and contrast these departments. Now, we also look at the courage involved. What's the cost of...”
- 09:31 “Some questions even ask for all these things. So you need to sit down and study closely. Let's look at the formats of a departmental accounts. The departmental accounts is usually prepared in a columnar form with separat...”
Commercial Arithmetic: Profit and Loss
This lesson covers the concepts of profit and loss in commercial arithmetic. Students will learn to identify cost price and selling price, and how to calculate profit or loss these values. The lesson also includes calculating profit or loss in percentage.
- 15:00 “Now, a loan is an amount of money you borrow. When you borrow money, they call it a loan. Boy, that you most normally pay back with interest. You pay back a loan. You take a loan. You take a loan from your bank. You take...”
- 00:00 “Hello, my name is Oyase. Sunday. I will be taking you mathematics JSS2 class. We're looking at an interesting topic for today. The topic is transaction in the home and offices. Transaction in the home and offices, we're...”
- 10:59 “That's P. So, either the formula you apply depends on what the question is actually to look for. Pick up the first question, question number two. Esella buys 20 pair of women's sneakers from manufacturer, 20 pair, 10-min...”
Revenue Types
This lesson defines revenue and explains its three main types: total revenue, average revenue, and marginal revenue. It covers how to calculate each type and their relationships to production and sales.
- 16:19 “Here is 24, here is 24. What do we call that? Whenever your TR is equals to your TC, what do you call that? In economics, whenever TR is equal to TC, that is all called brick-even points. What happens at brick-even point...”
- 20:42 “So this is what you need to know in the rest of the world. This is where I'm going to stop my class. But before then, I need to give you an assignment in the rest of the world of that. So you go to the 1998 question in m...”
- 05:10 “So, let's get the words, the solution to these words, so this interesting question won't have to the other. Look at the board, here you have what, P is on the wall, it's first on the CR, remember the formula I give to us...”
Types of Warehouses
The lesson covers the definition of warehousing and its role in storing goods. It explains different types of warehouses, including bounded warehouses, and discusses their functions and importance in business. The advantages and disadvantages of warehousing are also listed.
- 07:46 “So, people who are financially capable, when people who are financially buoyant enough to build warehouses, they build warehouses for people to come and store their goods in them. And then, in turn, they pay a service ch...”
- 08:34 “And he comes to Mr. B's storage facility, which is the warehouse, and pays a sum of money for a period of time to store his items. So, that is how the public warehouse operates. Now, we have the manufacturers' warehouse....”
- 25:10 “So, I'd like you to explain this in your own words and according to your own terms. Thank you for watching. My name is Miss Lydia. Till next time. (upbeat music)”
Financial Institutions Overview
This lesson defines financial institutions and lists the types of banking and non-banking financial institutions. It also explains the key differences between these institutions and their functions in the economy.
- 11:50 “of merchant banks in Nigeria today are ABC Merchant Bank, Merchant Banking Corporation, Merchant Bank of Africa, Esthetaria. Now the functions of merchant banks discounting bill of exchange loan to foreign traders that i...”
- 14:24 “industries by giving out long term loans to such industries. Examples of development banks in Nigeria are Nigeria industrial development bank NIDB. Nigeria bank for commerce and industry NBCI and Nigerian agricultural an...”
- 12:39 “In offering of their new shares provision of long term loans. That is they give out long term loans and not short term loans. Malignant of major bays. This is a situation whereby two companies say for instance two banks...”
Introduction to Operations Research
This lesson defines operations research and explains its application in management, industry, and business. It covers the steps involved in solving problems using mathematical models and discusses different types of models used in operations research.
- 01:38 “The major steps involved in the application of the operational research in solving management problems are the first thing is to identify and formulate the problems at hand. That's the first thing. We first of all know t...”
- 00:02 “Good day, my name is Afeez Adedokun I'll be taking you for the math and the topic is operations research. At the end of this topic, you should be able to differentiate the mooders of operation research. So, a practical e...”
- 00:51 “That is our operation research, what it's this with. It's this with how we can solve problems in some of these areas that is in management, industry, business, commerce, and organization. And it also deals with effective...”
Channels of Distribution
This lesson covers the channels through which goods move from producers to consumers. It explains the roles of wholesalers and retailers, the functions of cooperative societies and government agencies in distribution, and identifies problems in distribution along with possible improvements.
- 10:56 “when they don't have money to pay immediately, for payments to be made later. He talks variety of goods. That is, it makes a valuable variety of goods to the consumers. He supplies information to the whole seller and man...”
- 13:23 “the financial capacity to buy and pay immediately are given goods on credits. They give advice to members also as regards the product and services they wish to go into or deal in. They also bring products closer to membe...”
- 17:28 “the problem, the solutions to the problems of distribution of goods in Nigeria. The ways by which effective distribution can be improved is given as follows. Establishment of more marketplaces. Encouragement of cooperati...”
Basic Economic Problems
This lesson covers the basic economic problems faced by society, including scarcity and resource allocation. It explains different economic systems such as capitalism, socialism, and mixed economy, and how they address these problems. The role of market forces in regulating the economy is also discu
- 05:41 “capitalism encourages hard work provision of alternative choice. So we said there are a lot of players in the system because there's freedom of entry. So there are a lot of alternative products or service available to th...”
- 30:23 “what the production is going to or how the production has been designed. We have industries that have templates or how to go about producing their products. So that template or that's the way the production takes place w...”
- 06:28 “hastens economic development. So when there's a lot of economic activity going on, players can come into the market and exit, but the economy continues to grow because there's going to be continuous movement. There's goi...”
ECOWAS Overview
This lesson covers the meaning of the acronym ECOWAS, which stands for Economic Community of West African States. It identifies the member countries, discusses the purpose of ECOWAS, and outlines its advantages and disadvantages, along with potential solutions to its problems.
- 22:07 “There should be stronger commitment by member to echo us projects. Please, everybody should be committed so that this particular organization can be able to survive and stand. Now, we've been able to look at echo us as a...”
- 11:57 “So all that is made possible as a result of this particular organization. It promotes ports, supporting activities among members, members of Ghana, but a waffle cup and the rest things. It has been able to establish a co...”
- 03:14 “Then Cape Verge is also a member who joined there after after this initial 15 countries. The Ekoas, the Secretariat is located at Abuja. Well, what is the purpose? What is the mandate? What is the reason? What is if thes...”