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SS1: ECONOMICS - 3RD TERM

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  1. Mining | Week 1
    3 Topics
    |
    1 Quiz
  2. Financial Institutions I | Week 2
    7 Topics
    |
    1 Quiz
  3. Financial Institutions II | Week 3
    5 Topics
    |
    1 Quiz
  4. Financial Institutions III | Week 4
    5 Topics
    |
    1 Quiz
  5. Business Organisation | Week 5
    3 Topics
  6. Money | Week 6
    5 Topics
    |
    1 Quiz
  7. Channels of Distribution I | Week 7
    5 Topics
    |
    1 Quiz
  8. Channels of Distribution II | Week 8
    6 Topics
    |
    1 Quiz
  9. Business Finance | Week 9
    7 Topics
    |
    1 Quiz



Lesson 1, Topic 2
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Economic Importance of Mining

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Topic Content:

  • Economic Importance of Mining

The economic opportunities and wealth generated by mining for many producing countries are substantial.

The economic importance of Mining includes;

1. Employment Generation: It provides jobs for many people. 

2. Revenue Generation: Taxes paid by mining companies including export and import duties on the minerals are sources of revenue for the government.

 

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