APPLIED ECONOMIC NI NGA SUBJECT

Answer:

Consumer goods- Toothpaste, Bath soap

Luxury good- perfumes, wrist watch
Industrial goods- Coffee maker
Economic goods- Aircon
Essential goods- Canned goods, bread, meat, vegetables, sack of rice
1. What to produce:
Every economy's first difficulty is determining what goods and services should be produced in order to
meet the greatest number of people's needs. Then it must decide on its amount, including how much
consumer products and capital items will be produced.

2. How to produce:
The dilemma of how to produce refers to the resource combination that will be used in the production.
Cloth, for example, can be produced using either handlooms or contemporary machines.

3. For whom to produce:

An economy must select for whom to manufacture or distribute goods. To put it another way, 'for
whom to produce' refers to who should receive what proportion of the overall amount of goods and
services. As a result, the third issue is one of sharing the national output.

Sa iii ni nga subject (3i)

The Importance and Need for Research Design. The trustworthiness of the results obtained is
heavily influenced by the research strategy. As a result, it serves as a firm foundation for the entire
study. It is required because it enables the smooth running of several research processes. So, not only is
research a valuable tool for expanding on critical knowledge.

The most reliable way for us to begin to comprehend the complexities of various issues; to
maintain our integrity as we disprove lies and uphold important truths; and to serve as the seed for
analyzing complex sets of data. Research that improves our critical thinking skills, provides us with
knowledge and lessons learned, and provides us with information we can use or use in our daily lives.
The hunt for information and knowledge is known as research. So, by conducting study, we will be able
to determine whether it is the truth or a falsehood.