CHAPTER ONEINTRODUCTION

1.1 BACKGROUND OF THE STUDYEconomics is defined to be a study of the judicious use of a society's limited resources. Although the purpose of economic activity is to produce commodities and services to satisfy human desires, the general objective of economic policy may be considered as ensuring that as many of those desires as possible are gratified. In 1967, when economics was added as a topic in Nigeria's curriculum, just 10 individuals enrolled for the subject in the Senior Secondary School final year test. Nigeria now has a high proportion of applicants that register and sit for economic examinations on an annual basis for both the West African Senior Secondary Certificate Examination (WASSCE) and the National Examination Council (NECO), owing to the subject's significance to all fields of endeavor (Odunsanya and Malik, 2001).

The West African Examination Council's secondary level economics curriculum mentions the following:

i. An understanding of the form and operation of economic institutions, including commercial, industrial, and financial institutions.

ii. A working knowledge of fundamental economic ideas, concepts, and analytical techniques.

iii. To prepare students for advanced economics education.

iv. How to handle the resources that are accessible

1. 1. This material content is developed to serve as a GUIDE for students to conduct academic research work
2. 2. As a source for additional understanding of the subject.
3. 3. As a source for ideas for your own research work (if properly referenced).
4. 4. For PROPER paraphrasing (see your university definition of plagiarism and acceptable paraphrase)
5. 5. Direct citing (if referenced properly)
Thank you so much for your respect to the authors copyright.