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SS1: ECONOMICS - 1ST TERM

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  1. Introduction to Economics | Week 1
    3 Topics
    |
    1 Quiz
  2. Basic Concept of Economics | Week 2
    4 Topics
    |
    1 Quiz
  3. Basic Tools for Economic Analysis | Week 3
    8 Topics
    |
    1 Quiz
  4. Measure of Central Tendency | Week 4
    4 Topics
    |
    1 Quiz
  5. Theory of Demand & Supply I | Week 5
    5 Topics
    |
    1 Quiz
  6. Theory of Demand & Supply II | Week 6
    7 Topics
    |
    1 Quiz
  7. Theory of Production I | Week 7
    7 Topics
    |
    1 Quiz
  8. Theory of Production II | Week 8
    4 Topics
    |
    1 Quiz
  9. Basic Economic Problems of the Society | Week 9
    1 Topic
    |
    1 Quiz
  10. Economic System | Week 10
    4 Topics
    |
    1 Quiz
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Topic Content:

  • Definition of a Table
  • Importance of Tables
  • Steps in Constructing a Table

A Table is the systematic arrangement of data in rows and columns. It is a statistical tool, used to represent information, in order to make data meaningful. It is an orderly arranged list of information, which summarizes information for understanding and interpretation.

Importance of Tables:

1. Tables enable the comparison of figures. 

2. It helps us to interpret information easily.

3. Table enables us to forecast for the future.

4. It enables us to summarize mass data and information, into a few words, for easy understanding. Quick decisions can be taken based on the data presented in tables.

5. It guides us on how to make decisions based on the data presented.

6. It prevents repetitions.

7. It contains many rows and reveals at a glance the information that is being used.

8. Tables show the unit of measurement.

9. Tables present the relationship between variables and the proper arrangement of information.

10. It ensures the methodological arrangement of data.

Steps in Constructing a Table:

1. The title and source of information must be properly stated.

2. The unit of measurement must be clear.

3. Tables must not be complex.

4. The numerical information must be stated.

5. It must be easy to understand.

 Example: 

The table below shows the amount of millet produced in the year 2015 – 2018.

  YearsBags of Millet
2015600
2016800
2017900
20181000
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