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JSS1: BUSINESS STUDIES - 1ST TERM

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  1. Introduction to Business Studies | Week 1
    4 Topics
    |
    1 Quiz
  2. The Office | Week 2
    4 Topics
    |
    1 Quiz
  3. The Clerical Staff | Week 3
    4 Topics
    |
    1 Quiz
  4. Right Attitude to Work | Week 4
    3 Topics
    |
    1 Quiz
  5. The Departments in an Office or Organisation | Week 5
    3 Topics
    |
    1 Quiz
  6. Introduction to Commerce | Week 6
    3 Topics
    |
    1 Quiz
  7. Division of Commerce | Week 7
    5 Topics
    |
    1 Quiz
  8. Production | Week 8
    5 Topics
    |
    1 Quiz
  9. Factors of Production | Week 9
    2 Topics
    |
    1 Quiz



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Topic Content:

  • Factors of Production and Their Rewards

In this topic we will be discussing each of the factors of production;

Land:

Land is the most important aspect of production. It is a free gift of nature and the oldest form of all factors of production. Land is not limited to soil, It also includes water (river, ocean), forest, mineral resources, etc. Land is fixed by nature and its reward is rent.

land
Land is a useful resource for agriculture.

Capital:

 

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