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Division of Labour and Specialisation in Production Explained for SHS 1 Economics (Sem. 1 – Week 12) Production can be organised in very different ways. One person may perform many activities, or a production process may be separated into a series of tasks handled by different people or groups. The second arrangement introduces two important…
Location and Localisation of Industries Explained for SHS 1 Economics (Sem. 1 – Week 11) A factory does not appear in a particular place by accident. The choice of an industrial site can affect access to resources, workers, markets, infrastructure and other conditions needed for successful operation. At the same time, industries do not always…
Production and Productivity Explained for SHS 1 Economics (Sem. 1 – Week 10) When we see a finished chair, dress or bottle of water, we see the result of production. Economics goes one step further: it asks how effectively the resources used to create that product were utilised. That distinction gives us two closely related…
The Rewards of Factors of Production Explained for SHS 1 Economics (Sem. 1 – Week 9) Production brings together land, human effort, capital and entrepreneurial ability. But why would people make these resources available for production? One important answer is reward. In Economics, a reward is something received in return for effort, achievement or as…
The Factors of Production Explained for SHS 1 Economics (Sem. 1 – Week 8) Before a loaf of bread reaches a consumer, resources have already been brought together. Someone provides natural resources, people contribute their skills, equipment supports the work, and someone must organise the entire process. Economics groups these essential resources into the factors…
Pre-Historic Periods in Ghana Explained for SHS 1 History (Sem. 1 – Week 4) Before written records, people were already making tools, obtaining food, adapting to their surroundings and building communities. The traces of these activities provide an important route into Ghana’s distant human past. The study of Ghana’s pre-history is therefore not simply a…
The Law of Diminishing Marginal Utility in Everyday Life Explained for SHS 1 Economics (Sem. 1 – Week 7) The first glass of water you drink when extremely thirsty can feel remarkably satisfying. The second may still be welcome. After several glasses, however, another glass may not seem nearly as valuable. This simple experience captures…
The Concept of Utility Explained for SHS 1 Economics (Sem. 1 – Week 6) Why can a simple glass of water become extremely valuable to someone who is thirsty, while another person may feel little need for it? The answer takes us into the economic idea of utility: the satisfaction, happiness or well-being people derive…
Lifestyle of the First Hunter-Gatherers of Ghana Explained for SHS 1 History (Sem. 1 – Week 3) What would happen if you had to find your food without a supermarket, farm shop or refrigerator? What if finding your next meal depended on knowing where animals moved and when useful plants were available? For the first…
The Law of Demand and Types of Demand Explained for SHS 1 Economics (Sem. 1 – Week 5) Why might a consumer buy less of a product when its price rises? This simple question takes us to one of the central relationships in Economics: the relationship between price and quantity demanded. When Price Changes, Buyers…
