Meaning and Types of Trade
The lesson explains the concept of trade as the buying and selling of goods. It describes the types of trade, including own trade and foreign trade, and outlines the services that facilitate trade. The role of Customs and Excise in foreign trade is also discussed.
- 15:41 “they advertise a product. For example, Margarine, what do they do? They want to buy. So they have a target group. They know that young children like to eat bread with butter. So they try to make the advertisements when t...”
- 16:29 “So they are communicating to me that it helps to lower blood pressure. It increases lifespan. So they have communicated to me. What do I need to do? Then I buy. So advertising it's trade. It is also a form of persuasion....”
- 10:17 “You want to look in a particular way and you already have this idea. When you get to the market, you find a specific dress that you like. So it is benefits and added value to the customer. It also decreases monopoly. You...”
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.
- 01:36 “haircuts, your legal advice, your medical services and all of that, things that we can't see that are rendered towards those are services. It is important to note that production is only complete when the goods or servic...”
- 00:49 “services to the final consumers for the satisfaction of human wants. Simply put, economic activities that lead to the production of goods and services that satisfy human wants. Now one critical thing to note is that okay...”
- 00:00 “Hello guys, welcome to this lesson and this is economics where SS1, my name is Cornelius and I'm your instructor and today's in this lesson we'll be talking about theory of production and in our lesson we're going to be...”
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.
- 12:36 “abnormal raw material to be converted to finished product, okay? Production makes it possible for those raw materials to be able to get to that position where one can be able to use them. It brings opportunities to custo...”
- 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...”
- 10:09 “house health, still work actors, house health, still work and so on and so forth. We also have people like the judges, the educationists, ambassadors, soldiers, policemen and so on and so forth. Right? We also have peopl...”
Quadratic Equation and Roots
This lesson covers the formation of quadratic equations from given roots. It explains how to find the sum and product of the roots and demonstrates solving for unknown coefficients in a quadratic equation. Examples are provided to illustrate these concepts.
- 04:19 “In this case your c is 8 and you have -b/a. So have you said that you can now proceed to see what you can make do with this. If alpha+bx=8 you can make this one equation 1, alpha+bx=-b/8 you can call it equation 1. So th...”
- 11:53 “go ahead to know what my sum what my sum will be and what my product will be. So with this I have alpha plus beta squared this gives me alpha squared plus 2 alpha beta plus beta squared all over alpha beta squared yes it...”
- 22:40 “then the second root is a collineant beta from the image information given the question you say is alpha squared so for me some becomes alpha plus alpha squared then for me product becomes alpha times alpha squared with...”
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.
- 02:26 “So, the trader goes to the market. The private amount he pays to get the product is called the cost price. Now, the selling price, the price to be the trader sells to the item to the consumer. The trader sells the item t...”
- 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...”
- 01:40 “Look at selling price. Now, the cost price, the selling price. We're considering profit and loss. And when profit and loss, we take a look at three elements. We have the first box, the second box and the third box. So, w...”
Chemical Industries Overview
This lesson covers the definition of chemical industries and the raw materials used in their production. It explains the classification of chemical industries into heavy and fine chemicals, along with examples of each type. The lesson also discusses the importance of these industries to individuals
- 04:45 “that makes it of them, are the steel and wedding industry. Like I said, the second one about the component of air that we are going to talk about is nitrogen. Nitrogen, even with the use of nitrogen, you have an intermed...”
- 11:49 “in chemical industry, there is need for you to be evaluated. And the first question I would like to ask you is differentiate between the two types of chemicals. I believe you can answer that by now. And I mentioned any t...”
- 07:54 “And the chemical industry that makes of them, and the plastics, the textiles, the insecticides industries, soap industry, and fabrics industries. If our raw material is so-for, our basic products will be fertilizers. Fat...”
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.
- 06:02 “in bulk and keeping them in the warehouse he bears risk because if the price falls down as at the time those such goods are still in the warehouse he's the one that will be at the risk of reduction in prices. Branding an...”
- 04:24 “keeping those goods and he gives them out as they are being demanded. That is called warehousing. That is, the practice of storing large amounts of goods in a warehouse or in a large store. Advertisements. He helps in ad...”
- 00:10 “Good day students, my name is Mr. Balogun Abdullah, your economics teacher. The topic for today is channel of distribution. At the end of this lesson, you should be able to do the following. Describe the channel of produ...”