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Format: MS WORD
| Chapters: 1-5
| Pages: 71
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Economics is one of the subjects in post primary school. It is an important subject taught in the secondary schools. Economics is important both to students and the society at large because it cuts across all spheres of human endeavour, as it can be seen in its simpler definition by Professor Lord Robin (1975).
Economics is associated with scarcity and choice. Robin defines economics as a social science that studies human behaviour as a relationship between ends, scarce means which have alternative uses. Economics according to Hornby (1973) is the study of production and distribution of money and goods of a country. It is the study of how people of society choose to use their limited resources like land, capital, labour, goods and technical knowledge to provide various goods for the consumption of the people in the society. Pigou (1972) believed that economics makes it easier to institute practical measures to promote welfare, so that the society may build upon the work of economist. He concluded by saying that the study is not worthwhile for its own sake but only for the healing that the knowledge may help to bring. Economics is relevant to the field of science and art. It enable the individuals to think in the sense that he/she is able to apply its principles to solve practical problems and avoid unnecessary costly mistake, it enables the individual to understand better the relationship between himself and his fellow human beings in
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