DEVELOPMENT PLANNING KNEC NOTES

Economic Development Planning – is a deliberate government attempt to influence, direct and in some cases control economic choices and activities towards specific objectives over a period of time. It is therefore a deliberate government effort aimed at influencing, directing/controlling… Read More

INTERNATIONAL TRADE KNEC NOTES

It refers to trade between different countries. It is a financial transaction that takes place across national political frontiers/boundaries. It is composed of import and export trade and involves movement of goods and services and finances between nations. Benefits of… Read More

INFLATION KNEC NOTES

A situation where there is persistent rise in the general price level of goods and services in the economy. Types and causes of inflation in an economy General causes of inflation 1. High cost of production/cost push effects It may… Read More

PUBLIC FINANCE KNEC NOTES

Is a macro-economic discipline which deals with the principles concerning the collection of government revenue and how it is allocated for public expenditures in order to achieve certain objectives and targets in the economy. It is made up of the… Read More

MONEY MARKET KNEC NOTES

Money – is anything valuable which is generally acceptable for the discharge or settlement or debt or obligation. This therefore means that; whatever is used as money should be immediately and unquestionably acceptable in exchange of goods and services. Money… Read More

EMPLOYMENT AND UNEMPLOYMENT KNEC NOTES

Employment: people are said to be employed if they engage in some economically productive activities with the purposes of earning income/money. Employment can be divided into two types mainly:- Self employment/informal employment Salaried/wage or formal. Self employment/informal Is a situation… Read More

LABOUR MOVEMENT KNEC NOTES

The concept of labour movement is used to refer to trade unions or labour unions, their organization and operations. Types of Labour unions/trade unions Craft Trade union This refers to an association of skilled workers who perform the same kind… Read More