2021 NECO GCE ECONMICS Questions & Answers: 2021 NECO GCE ECONMICS ANSWERS Night before Exam

examplaza.com answers

Economic OBJ


1BDCEDACEAA
11CEEABDCCCE
21CADBEECBEA
31ADBBACCECD
41CCCBDBEEBD
51DABCCACAAA



This is actually examplaza.com 2021 NECO GCE ECONMICS ANSWERS, if you need 2021 NECO GCE ECONMICS Questions & Answers, Click on the chat button to chat us on Whatsapp now. Our Answers come a night to the exam

2021 NECO GCE Econs Answer NO.:


(5a) public corporation is that form of public enterprise which is created as an autonomous unit, by a special Act of the Parliament or the State Legislature.

(5b)

(i)Autonomy: Public corporation is an autonomous set up. Therefore it enjoys considerable independence and flexibility in its operations. Initiatives can be taken to tap opportunities and to improve efficiency.

(ii)Protection of public interest: Public corporations can formulate and implement policies which promote public welfare. Policies of the corporation are subject to ministerial review and parliamentary scrutiny. Therefore it would be ensured that public interest is protected and promoted.

(iii)Red tapism minimized: In a public corporation red-tapism and bureaucratic delays are minimized to a great extent. A file need not pass through different levels of bureaucracy as in a departmental undertaking.

(iv)Speedier decisions: Since bureaucracy and red-tapism are reduced to a considerable extent in public corporations, quick decisions can be taken. Delays in decision making is avoided and therefore problems can be solved faster, opportunities can be tapped in a better manner and overall functioning of the organization is improved


2021 NECO GCE ECONMICS ANSWERS
examplaza.com answers


(1)


2021 NECO GCE ECONMICS Questions & Answers (ESSAY, OBJ, THEORY, PRACTICALS ETC)

2021 NECO GCE ECONMICS Questions & Answers (ESSAY, OBJ, THEORY, PRACTICALS ETC)

2021 NECO GCE ECONMICS Questions & Answers (ESSAY, OBJ, THEORY, PRACTICALS ETC)

2021 NECO GCE ECONMICS Questions & Answers (ESSAY, OBJ, THEORY, PRACTICALS ETC)


(12i)
A perfect market is market that is structured to have no anomalies that would otherwise interfere with the best prices being obtained.

(12ii)
(i) All producers contribute insignificantly to the market. Their own production levels do not change the supply curve.

(ii) All producers are price takers. They cannot influence the market. If a firm tries to raise its price consumers would buy from a competitor with a lower price instead.

(iii) Products are homogeneous. The characteristics of a good or service do not vary between suppliers.

(iv) Both buyers and sellers have perfect information about the price, utility, quality, and production methods of products.

2021 NECO GCE ECONMICS Questions & Answers (ESSAY, OBJ, THEORY, PRACTICALS ETC)
==

(9a)

A tax is a mandatory fee or financial charge levied by any government on an individual or an organization to collect revenue for public works providing the best facilities and infrastructure. The collected fund is then used to fund different public expenditure programs.
(9b)
(i)Fairnessor equity: It means that everybody should pay a fair share of taxes.
(ii) Simplicity: It means that taxpayers can avoid a maze of taxes, forms and filing requirements.
(iii) Adequacy: It means that taxes must provide enough revenue to meet the basic needs of society.
(iv) Transparency: It means that taxpayers and leaders can easily find information about the tax system and how tax money is used.



2021 NECO GCE ECONMICS Questions & Answers (ESSAY, OBJ, THEORY, PRACTICALS ETC)

2021 NECO GCE ECONMICS Questions & Answers (ESSAY, OBJ, THEORY, PRACTICALS ETC)

2021 NECO GCE ECONMICS Questions & Answers (ESSAY, OBJ, THEORY, PRACTICALS ETC)

2021 NECO GCE ECONMICS Questions & Answers (ESSAY, OBJ, THEORY, PRACTICALS ETC)

(6a)
supply of labour is defined as the number of workers willing and able to work, multiplied by the hours they are willing and able to work. In other words supply of labour is the amount of labour, measured in person-hours


(6b)
(i)Number of Hours the Labourers is Willing to Work: The second aspect of supply of labour is hours of work or time. Supply of labour cannot be determined without knowing that how many hours the work is done. The working hours have been reduced with the movement in labour organisations and the supply has been affected.
(ii)Speed or Intensity of Work: Speed of work controls the quantity of labour. One labour who works at a double speed completes the supply of other labourer. This speed depends on various factors. Education, health, climate and others put impact on this tendency of work.
(iii)Efficiency or Skill of Work: Skill of work is related with the kind of work that how much wastage is done, how many accidents are committed and many other factors are considered to know the efficiency of work.


(iv)Participation Rate as Labour Force: Normally the number of labourers is based on the population. How much percentage does really work. It depends on the persons of 14 to 60 years age which is totally based on the ratio of population.
(v)Population: The larger the population, the larger will be the number of persons who will have the capacity to perform physical or mental work. Hence, the larger will be the supply of labour


2021 NECO GCE ECONMICS Questions & Answers (ESSAY, OBJ, THEORY, PRACTICALS ETC)

2021 NECO GCE ECONMICS Questions & Answers (ESSAY, OBJ, THEORY, PRACTICALS ETC)
========


You can subscribe now to enjoy early subscription benefits..


2021 EXAM DATES
NABTEB: 14th June - 9th July
NECO: 5th July - 16th August
WAEC: 16th August - 30th Sept


Share our site to all NECO GCE Candidates on your WhatsApp

Beware of Scammers.... Please always use 08108515604 for all your transactions to avoid being scammed.
NOTE: Any answer that does not have badge can be chnaged, removed or updated anytime. The badge means that the answers have been verified 100% (if used exactly, you're to get nothing but A1) while without the badge means that the answer is still under verification. If you're not in a hurry, please wait for answer to be verified before you copy.
Click on the drop down links to view answer under them.
Good Luck... Invite family and friends to examplaza.com... We are the best and we post, others copy from us.


LEGIT EXPO BEST WEBSITE FOR WAEC EXPO RUNZ, NECO EXPO RUNZ, WAEC GCE EXPO RUNZ, NABTEB EXPO RUNZ, WHATSAPP GROUP LINK, LIST OF EXAM EXPO SITE, TOP BEST EXAM SITE, FREE EXAM EXPO SITE, CEEBOOKANSWERS, EXAMKEY, GURUSCAMP, EXAMBABA, EXAMGREAT, EXPOLOADED, EXAMLOADED, EXAMLORD, GURUSFAMILY, EXPOTAB, GIDIFANS, EXAMPIN, EXAMAFRICA, WAEC CLASS, WAEC WHATSAPP GROUP LINK, EXAM ANSWER, EXPO LEGIT, FUNLOADED, EXPO ANSWER, FREE WAEC EXPO SITE, FREE NECO EXPO SITE

QUESTIONS AND ANSWERS FOR 2021 NECO GCE ECONMICS ANSWERS


EXAM DETAILS:


PIN: 8813
Subject: Econs
Exam: NECO GCE
Year: 2021
Updated At: June 16th 2021, (03:06:34)

SEE ALSO: 2021 NABTEB GCE CHEMISTRY PRACTICAL ANSWERS
SEE ALSO: WAEC 2019 Data Processing
SEE ALSO: 2018 neco geography answers
SEE ALSO: 2020 NECO PHYSICAL EDUCATION ANSWERS
SEE ALSO: waec 2019 PHYSICS ANSWERS
SEE ALSO: 2020 NEBTEB BIOLOGY ANSWERS
SEE ALSO: Waec Gce 2018. Government answers
SEE ALSO: 2021 WAEC GCE First (1st) Series Civic Education Answers
SEE ALSO: 2019 Waec Catering Craft
SEE ALSO: 2018 Waec Gce accounting answers
SEE ALSO: 2020 NECO YORUBA ANSWERS
SEE ALSO: 2021 NECO GCE C.R.S ANSWERS
SEE ALSO: Waec Gce 2018. Yoruba
SEE ALSO: 2018 Waec Gce economics answers
SEE ALSO: 2020 WAEC GCE 2nd series Agricultural Sci. Answers
SEE ALSO: 2019 Waec Gce. Agric practical
SEE ALSO: 2020 WAEC MAY/JUNE I.R.K ANSWERS
SEE ALSO: 2020 waec gce Geography/ Biology ANSWERS
SEE ALSO: 2020 NECO Geography II answers
SEE ALSO: Gce Waec Biology 3 (Alternative to Practical Work)
SEE ALSO: 2019 GCE WAEC PHYSICS
SEE ALSO: 2021 NECO GCE GEOGRAPHY ESSAY ANSWERS
SEE ALSO: 2020 WAEC MAY/JUNE GOVERNMENT ANSWERS
SEE ALSO: 2021 NABTEB GCE LITERATURE ANSWERS
SEE ALSO: 2019 GCE mathematics answers
SEE ALSO: 2021 NECO GCE CHEMISTRY PRACTICAL ANSWERS
SEE ALSO: 2020 WAEC GCE 2nd series Literature III (DRAMA) Answers
SEE ALSO: 2020 WAEC COMMERCE ANSWERS
SEE ALSO: 2021 NABTEB GCE Chemistry Answers
SEE ALSO: 2020 NABTEB LITERATURE ANSWERS
Destiny said: you guys helped me I got admitted to ELIZADE... view all reviews