• FUNDAMENTAL CONCEPTS IN GOVERNANCE
    GENERAL KNOWLEDGE

    FUNDAMENTAL CONCEPTS IN GOVERNANCE

    Governance is a complex and multifaceted concept that encompasses various elements that work together to ensure the effective functioning of an organization or society. The fundamental concepts in governance can be categorized into five main areas: Accountability:…

  • CONCEPTS OF UTILITY
    ECONOMICS

    CONCEPTS OF UTILITY

    They include the following:- Total Utility. Average Utility. Marginal Utility.   1) Total Utility It is the total amount of utility which a consumer derives (obtains or gets) from consuming many units of a commodity at a…

  • REVENUE CONCEPTS AND RETURNS TO SCALE
    ECONOMICS

    REVENUE CONCEPTS AND RETURNS TO SCALE

    Definition Revenue is amount of money which individual, firm or government realizes (obtains) in a given period, Individuals and firms obtain revenue either from production and sale of goods or rendering of services. While government obtains revenue…