Get premium membership and access questions with answers, video lessons as well as revision papers.
- The household demands goods and services and supplies labour and raw materials to firms
- Firms convert the raw materials and supplies finished goods to households.
- The relationship generates money to both sides therefore both are producers and consumers.
Kavungya answered the question on March 28, 2019 at 05:58
- What do the following terms mean?
i) Gross domestic product (G.D.P)
ii) Gross national product (GNP)
iii) Per capital income
(Solved)
What do the following terms mean?
i) Gross domestic product (G.D.P)
ii) Gross national product (GNP)
iii) Per capital income
Date posted: March 28, 2019. Answers (1)
- State the main implications of opportunity cost in farming.(Solved)
State the main implications of opportunity cost in farming.
Date posted: March 28, 2019. Answers (1)
- How is labour classified?(Solved)
How is labour classified?
Date posted: March 28, 2019. Answers (1)
- State agricultural examples of the law of diminishing returns.
(Solved)
State agricultural examples of the law of diminishing returns.
Date posted: March 28, 2019. Answers (1)
- State the law of diminishing returns(Solved)
State the law of diminishing returns
Date posted: March 28, 2019. Answers (1)
- State how the government helps farmers to overcome risks and uncertainties(Solved)
State how the government helps farmers to overcome risks and uncertainties
Date posted: March 28, 2019. Answers (1)
- Use the information provided below to calculate the gross margin of beans per hectare.(Solved)
Use the information provided below to calculate the gross margin of beans per hectare.
Date posted: March 28, 2019. Answers (1)
- Name the types of farm budgets.(Solved)
Name the types of farm budgets.
Date posted: March 28, 2019. Answers (1)
- What is agricultural credit?(Solved)
What is agricultural credit?
Date posted: March 28, 2019. Answers (1)
- Name types of agricultural credit and state their uses.(Solved)
Name types of agricultural credit and state their uses.
Date posted: March 28, 2019. Answers (1)
- State the uses of the following financial documents
i) Invoices
ii) Receipts
iii) Delivery notes
iv) Purchase order(Solved)
State the uses of the following financial documents
i) Invoices
ii) Receipts
iii) Delivery notes
iv) Purchase order
Date posted: March 28, 2019. Answers (1)
- What are the uses of the following financial books?
i) Ledger
ii) Journal
iii) Inventory
iv) Cash book(Solved)
What are the uses of the following financial books?
i) Ledger
ii) Journal
iii) Inventory
iv) Cash book
Date posted: March 28, 2019. Answers (1)
- List the financial statements which are usually prepared on a farm.(Solved)
List the financial statements which are usually prepared on a farm.
Date posted: March 28, 2019. Answers (1)
- What is opening valuation in profit and loss account?(Solved)
What is opening valuation in profit and loss account?
Date posted: March 28, 2019. Answers (1)
- Name the various columns that should be shown in a cash analysis(Solved)
Name the various columns that should be shown in a cash analysis
Date posted: March 28, 2019. Answers (1)
- What is a statement in financial accounts?(Solved)
What is a statement in financial accounts?
Date posted: March 28, 2019. Answers (1)
- Explain the meaning of solvent and insolvent in a farming situation(Solved)
Explain the meaning of solvent and insolvent in a farming situation
Date posted: March 28, 2019. Answers (1)
- State the factors which affect price of goods(Solved)
State the factors which affect price of goods
Date posted: March 28, 2019. Answers (1)
- What is equilibrium price?(Solved)
What is equilibrium price?
Date posted: March 28, 2019. Answers (1)
- Outline the procedure of forming a cooperative society(Solved)
Outline the procedure of forming a cooperative society
Date posted: March 28, 2019. Answers (1)