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SS3: ECONOMICS - 1ST TERM

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  1. Basic Tools for Economic Analysis I | Week 1
    4 Topics
  2. Economic Lessons from Asian Tigers II | Week 2
    6 Topics
    |
    1 Quiz
  3. Human Capital Development I | Week 3
    2 Topics
  4. Human Capital Development II | Week 4
    2 Topics
    |
    1 Quiz
  5. Petroleum and the Nigeria Economy I | Week 5
    3 Topics
  6. Petroleum and the Nigeria Economy II | Week 6
    3 Topics
    |
    1 Quiz
  7. Manufacturing and Construction | Week 7
    3 Topics
    |
    1 Quiz
  8. Services Industries | Week 8
    3 Topics
    |
    1 Quiz
  9. Agencies that Regulate the Financial Market | Week 9
    9 Topics
    |
    1 Quiz
  10. International Trade | Week 10
    8 Topics
    |
    1 Quiz



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There are three Industries within the Service Division 

1. The Business Service

2. The Health Service 

3. Social Services

The Business service areas are where the largest number of jobs were gained, where personnel supply such as temporary employment agencies, traditional employment agencies, and other organisations that supply labour to other companies. For example, computer services like mass-produced software, system design, programming, and computer leasing.

The Health Services care includes four components that added a large number of jobs like nursing, personal care facilities, hospitals, home health care, Office of physicians, and practitioners. These components gained more than 430,000 jobs.

Social Service companies include daycare for children, residential care for the elderly and other family services, engineering, management, and membership organisation. The reason for the growth in this area is because of an increase in services and changes in technology.  

Rapid technological changes are allowing services to be provided in different forms and with greater speed than ever before. Many services that were considered non-tradeable only recently are now being actively traded through the application of information technology and advances in telecommunications. In Nigeria, the service sector employs about 30% of Nigeria’s workforce yet provide about half of its output. E.g the Tourism industry brings millions into the country each year: Obudu Cattle Ranch, Osun Osogbo groove, Olumo rock, Tinapa World Trade zone in Calabar (Nollyworld studio), and a number of beaches and coastal areas in different cities. 

Types of Service Occupations

Service industries can be divided into direct and indirect service

Direct Service

These are personal services rendered directly and are paid for directly by those who engage the services, such people are personal doctors, lawyers, maids, masons, stewards/cooks, hairdressers, plumbers, drivers, cleaners, actors, gardeners, etc.

Indirect Service

These concerns services that are rendered to the public in providing the maintenance of law and order or in providing essential services such as policemen, government, lawyers, soldiers, doctors, civil or public servants etc

List of Service Industries

Tourism, Airlines, Banking, Insurance, Communications, Utilities, Finance, Real estate, transportation, Public Administration, Automotive Services, Miscellaneous Repairs, Legal Services, Social Amenities, Consulting, Amusements and Recreation, Educational Services, Hospitals, etc.

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