SIZE AND LOCATION OF A FIRM

Concept of firm and industry, factors determining size of firm
Factors limiting firm size and production decisions

By the end of the lesson, the learner should be able to:

- Define firm and industry with comprehensive examples
-Distinguish between firm and industry using local examples
-Identify and explain factors determining firm size
-Analyze number of employees as size determinant
-Examine volume of output and area covered
-Evaluate capital investment and market size factors
-Assess level of technology impact on firm size
-Classify firms as small, medium or large using criteria

- Brainstorming on firm vs industry concepts
-Case studies on sugar companies (Mumias, Sony, Chemelil)
-Analysis of salt mining firms (Magadi Soda Company)
-Group work on transport industry examples
-Discussion on employee numbers in different firms
-Examination of output volumes and premises size
-Analysis of capital investment requirements
-Classification exercises using local business examples

Textbook, local business examples, charts, case studies
Textbook, transport industry examples, service business cases, charts

Trendy Business Studies Form 3 Pg 18-19

SIZE AND LOCATION OF A FIRM

Government policies and location factors - comprehensive analysis
Transport networks, security and localization concepts

By the end of the lesson, the learner should be able to:

- Analyze government policy effects on production
-Examine taxation and legal compliance requirements
-Identify and explain factors influencing firm location
-Analyze nearness to raw materials importance
-Examine supply of skilled, semi-skilled and unskilled labor
-Discuss nearness to market considerations
-Evaluate availability of social amenities
-Assess auxiliary services and infrastructure needs
-Examine fuel, power and water source requirements

- Discussion on government tax policies and regulations
-Case studies on illegal product restrictions
-Analysis of location factors using Figure 2.1
-Examination of heavy materials transport costs
-Discussion on perishable goods location needs
-Group work on labor type requirements
-Analysis of social amenities for employee morale
-Case studies on banking and insurance services
-Discussion on power and water availability

Textbook, government policy examples, Figure 2.1, infrastructure maps
Textbook, transport maps, security examples, agricultural cases

Trendy Business Studies Form 3 Pg 20-22

SIZE AND LOCATION OF A FIRM

Advantages and disadvantages of localization
Delocalisation policy and implementation

By the end of the lesson, the learner should be able to:

- Identify and explain employment creation through localization
-Analyze service industries development benefits
-Examine subsidiary industries creation
-Discuss economies of scale benefits
-Evaluate development and urbanization advantages
-Analyze congestion and overpopulation problems
-Examine increased crime rate issues
-Discuss adverse environmental problems
-Evaluate unbalanced regional development effects
-Assess massive unemployment possibilities

- Discussion on employment opportunities creation
-Analysis of specialized service industries growth
-Case studies on subsidiary industries development
-Group work on large-scale production benefits
-Examination of infrastructure development
-Discussion on rural-urban migration effects
-Analysis of congestion and health hazards
-Case studies on crime and prostitution increases
-Examination of environmental pollution problems
-Discussion on regional development imbalances

Textbook, employment data, environmental examples, urban planning cases
Textbook, government policy documents, rural development cases

Trendy Business Studies Form 3 Pg 23-24

SIZE AND LOCATION OF A FIRM

Advantages and disadvantages of delocalisation
Economies of scale - internal economies comprehensive analysis

By the end of the lesson, the learner should be able to:

- Analyze balanced economic development benefits
-Examine raw materials market creation
-Discuss employment creation in many parts
-Evaluate service delivery to rural areas
-Assess urbanization acceleration benefits
-Analyze social problems reduction
-Examine difficulty in attracting required personnel
-Discuss challenges in accessing essential services
-Evaluate pollution and social evils spread
-Assess tax burden on government and taxpayers

- Discussion on balanced economic development
-Analysis of local raw materials market creation
-Case studies on rural employment creation
-Group work on rural service delivery improvement
-Examination of rural urbanization acceleration
-Discussion on reduced social problems
-Analysis of personnel attraction difficulties
-Case studies on essential services access
-Examination of pollution spread to rural areas
-Discussion on government incentive costs

Textbook, rural development examples, cost-benefit analysis
Textbook, business examples, machinery illustrations, financial cases

Trendy Business Studies Form 3 Pg 25

SIZE AND LOCATION OF A FIRM

External economies and specialization benefits
Diseconomies of scale - internal and external

By the end of the lesson, the learner should be able to:

- Define external economies and their sources
-Analyze easier access to skilled labor pools
-Examine efficient infrastructure benefits
-Discuss auxiliary services availability
-Evaluate easy access to raw materials
-Analyze mutual consultations and collaborations
-Examine decentralization and disintegration economies
-Distinguish horizontal and vertical decentralization
-Discuss textile industry and jua kali examples
-Analyze publishing industry specialization

- Discussion on external economies concept
-Analysis of labor pool availability
-Case studies on infrastructure sharing
-Examination of banking and insurance services
-Group work on raw materials access
-Discussion on industry collaboration benefits
-Analysis of horizontal decentralization examples
-Case studies on vertical decentralization
-Examination of textile industry specialization
-Discussion on publishing industry processes

Textbook, industry examples, infrastructure maps, specialization cases
Textbook, Figure 2.2, cost analysis examples, industry cases

Trendy Business Studies Form 3 Pg 27-28

SIZE AND LOCATION OF A FIRM

Existence of small firms and their advantages
Environmental impact and health implications

By the end of the lesson, the learner should be able to:

- Analyze reasons for small firm survival
-Examine less capital requirements for small firms
-Discuss limited market suitability for small operations
-Evaluate simplicity of small firm management
-Analyze personalized service advantages
-Examine flexibility benefits of small firms
-Discuss quick decision-making advantages
-Evaluate convenient location benefits
-Compare small vs large firm advantages
-Assess market conditions favoring small firms

- Discussion on small firm survival factors
-Analysis of capital requirement differences
-Case studies on Kenyan market limitations
-Examination of management simplicity
-Group work on personal contact benefits
-Discussion on business flexibility advantages
-Analysis of decision-making speed
-Case studies on convenient customer locations
-Comparison exercises between firm sizes
-Examination of developing country markets

Textbook, small business examples, market analysis, comparison charts
Textbook, environmental examples, health data, pollution cases

Trendy Business Studies Form 3 Pg 29-30

SIZE AND LOCATION OF A FIRM

Maintaining healthy environment and business responsibility
Pertinent issues - workers' rights and child labor

By the end of the lesson, the learner should be able to:

- Identify ways to maintain healthy environment
-Analyze business responsibility to society
-Examine environmental conservation for future generations
-Discuss value addition to environment concept
-Evaluate general cleanliness and hygiene maintenance
-Analyze pollution control measures
-Examine appropriate farming and technology use
-Discuss afforestation and re-afforestation activities
-Evaluate appropriate mining and fishing techniques
-Assess environmental law observance requirements

- Discussion on business environmental responsibility
-Analysis of environmental conservation importance
-Case studies on value addition to environment
-Group work on cleanliness maintenance methods
-Examination of pollution control techniques
-Discussion on appropriate farming methods
-Analysis of afforestation programs
-Case studies on sustainable mining practices
-Examination of environmental law compliance
-Discussion on protective equipment provision

Textbook, environmental conservation examples, law documents
Textbook, labor law documents, case studies, Children's Act

Trendy Business Studies Form 3 Pg 31-32

SIZE AND LOCATION OF A FIRM
PRODUCT MARKETS

Environmental degradation, localization effects and practical applications
Introduction and meaning of market

By the end of the lesson, the learner should be able to:

- Analyze environmental degradation from production
-Examine waste disposal and pollution control
-Discuss global warming contribution
-Evaluate localization concentration effects
-Analyze unplanned urban development
-Examine congestion and housing shortages
-Discuss crime and prostitution increases
-Evaluate government intervention needs
-Apply all concepts to real business situations
-Prepare comprehensive assessment review

- Discussion on environmental responsibility
-Analysis of waste disposal methods
-Case studies on global warming effects
-Group work on localization problems
-Examination of urban planning challenges
-Discussion on social problem increases
-Analysis of government intervention strategies
-Practical application exercises
-Comprehensive review of all concepts
-Assessment preparation activities

Textbook, environmental cases, urban planning examples, assessment materials
Textbook, market examples, charts

Trendy Business Studies Form 3 Pg 32-33

PRODUCT MARKETS

Essential features and product market definition
Types of product markets overview

By the end of the lesson, the learner should be able to:

- Identify presence of sellers and buyers
-Examine commodity for sale requirements
-Analyze acceptable medium of exchange
-Define product markets comprehensively
-Classify markets by area, commodity and scale

- Discussion on market features
-Analysis of seller-buyer requirements
-Case studies on exchange mediums
-Group work on product market definition
-Classification exercises on market types

Textbook, market scenarios, classification charts
Textbook, market structure charts, examples

Trendy Business Studies Form 3 Pg 40-41

PRODUCT MARKETS

Pure competition - sellers, buyers and products
Pure competition - restraints and factor mobility

By the end of the lesson, the learner should be able to:

- Explain many sellers and buyers concept
-Analyze individual seller/buyer market impact
-Define homogeneous products
-Examine product similarity requirements
-Discuss buyer preference absence

- Discussion on many sellers/buyers
-Analysis of individual market impact
-Case studies on homogeneous products
-Group work on product similarity
-Examination of buyer indifference

Textbook, competition examples, product cases
Textbook, factor examples, mobility cases

Trendy Business Studies Form 3 Pg 41

PRODUCT MARKETS

Pure competition - costs and market knowledge
Perfect competition vs pure competition

By the end of the lesson, the learner should be able to:

- Analyze absence of transport costs
-Examine complete market knowledge
-Discuss information availability
-Evaluate no excess demand/supply
-Assess barriers to entry/exit absence

- Discussion on transport cost absence
-Analysis of complete knowledge
-Case studies on information flow
-Group work on market equilibrium
-Examination of entry/exit freedom

Textbook, transport examples, information cases
Textbook, comparison charts, theory examples

Trendy Business Studies Form 3 Pg 42

PRODUCT MARKETS

Criticism of perfect competition
Monopoly definition and characteristics

By the end of the lesson, the learner should be able to:

- Analyze homogeneous product rarity
-Examine consumer variety preferences
-Discuss large-scale operation tendencies
-Evaluate firm location realities
-Assess government interference presence

- Discussion on perfect competition limitations
-Analysis of product variety needs
-Case studies on scale economies
-Group work on location factors
-Examination of government intervention

Textbook, criticism examples, reality cases
Textbook, monopoly examples, Figure 3.1

Trendy Business Studies Form 3 Pg 42-43

PRODUCT MARKETS

Causes of monopoly - ownership and technical factors
Causes of monopoly - market and business factors

By the end of the lesson, the learner should be able to:

- Analyze factor ownership monopoly
-Examine production technique ownership
-Discuss exclusive technical know-how
-Evaluate resource control effects
-Assess capital requirement barriers

- Discussion on ownership monopoly
-Analysis of technique control
-Case studies on technical know-how
-Group work on resource control
-Examination of capital barriers

Textbook, ownership examples, capital cases
Textbook, market examples, merger cases

Trendy Business Studies Form 3 Pg 43

PRODUCT MARKETS

Advantages and disadvantages of monopoly
Monopolistic competition - definition and features

By the end of the lesson, the learner should be able to:

- Identify massive profit advantages
-Analyze government revenue benefits
-Examine price stability benefits
-Discuss poor quality problems
-Evaluate limited variety and exorbitant pricing

- Discussion on monopoly advantages
-Analysis of government revenue
-Case studies on price stability
-Group work on quality problems
-Examination of pricing issues

Textbook, advantage/disadvantage examples
Textbook, competition examples, Kenyan cases

Trendy Business Studies Form 3 Pg 44-45

PRODUCT MARKETS

Monopolistic competition - product differentiation
Monopolistic competition - operations and interdependence

By the end of the lesson, the learner should be able to:

- Analyze product differentiation methods
-Examine color, taste, smell variations
-Discuss shape, texture, packaging
-Evaluate brand attachment creation
-Assess advertising and price control

- Discussion on differentiation methods
-Analysis of variation techniques
-Case studies on product variations
-Group work on brand attachment
-Examination of advertising effects

Textbook, differentiation examples, brand cases
Textbook, operation examples, competition cases

Trendy Business Studies Form 3 Pg 45-46

PRODUCT MARKETS

Oligopoly - definition and characteristics
Oligopoly features - market control and products

By the end of the lesson, the learner should be able to:

- Define oligopoly market structure
-Identify few large firms characteristic
-Analyze significant activity impact
-Examine rivalry and interdependence
-Discuss duopoly as special case

- Discussion on oligopoly definition
-Analysis of few large firms
-Case studies on market impact
-Group work on interdependence
-Examination of duopoly examples

Textbook, oligopoly examples, rivalry cases
Textbook, control examples, sugar market cases

Trendy Business Studies Form 3 Pg 46-47

PRODUCT MARKETS

Oligopoly - collusion and kinked demand curve
Kinked demand curve analysis

By the end of the lesson, the learner should be able to:

- Analyze collusion and cartel formation
-Examine profit maximization strategies
-Define kinked demand curve
-Discuss price rigidity explanation
-Evaluate elastic vs inelastic curves

- Discussion on collusion benefits
-Analysis of cartel formation
-Case studies on kinked demand
-Group work on price rigidity
-Examination of Figure 3.2

Textbook, collusion examples, Figure 3.2, graph papers
Textbook, price examples, elasticity cases

Trendy Business Studies Form 3 Pg 47-48

PRODUCT MARKETS

Pertinent issues - monopoly insensitivity and hoarding
Pertinent issues - government protection and liberalization

By the end of the lesson, the learner should be able to:

- Analyze customer insensitivity problems
-Examine impersonal service attitudes
-Discuss hoarding and overcharging
-Evaluate artificial shortage creation
-Assess "take it or leave it" mentality

- Discussion on monopoly problems
-Analysis of customer treatment
-Case studies on hoarding practices
-Group work on artificial shortages
-Examination of service attitudes

Textbook, monopoly cases, hoarding examples
Textbook, protection examples, liberalization cases

Trendy Business Studies Form 3 Pg 48-49

PRODUCT MARKETS

Pertinent issues - cartels and overcharging
Pertinent issues - business integrity and honest practices

By the end of the lesson, the learner should be able to:

- Identify cartel operations
-Analyze matatu operator examples
-Examine petroleum product sellers
-Discuss disproportionate price increases
-Evaluate new entrant prevention

- Discussion on cartel practices
-Analysis of matatu operations
-Case studies on petroleum cartels
-Group work on pricing patterns
-Examination of market barriers

Textbook, cartel examples, matatu cases, petroleum industry
Textbook, integrity examples, ethical cases

Trendy Business Studies Form 3 Pg 49

PRODUCT MARKETS

Pertinent issues - product differentiation and advertising
Learning activities - market identification

By the end of the lesson, the learner should be able to:

- Analyze differentiation problems
-Examine customer retention strategies
-Discuss misleading advertisements
-Evaluate false information problems
-Assess honest advertising practices

- Discussion on differentiation issues
-Analysis of advertising problems
-Case studies on misleading ads
-Group work on honest advertising
-Examination of ethical marketing

Textbook, advertising examples, marketing cases
Market visit guides, observation sheets

Trendy Business Studies Form 3 Pg 49

PRODUCT MARKETS
CHAIN OF DISTRIBUTION

Learning activities - trader interviews
Meaning of distribution and process

By the end of the lesson, the learner should be able to:

- Interview local traders
-Determine trader market types
-Analyze business operations
-Examine pricing strategies
-Assess customer relations

- Trader interview activities
-Data collection exercises
-Analysis of business practices
-Group work on findings
-Examination of market behavior

Interview guides, data collection sheets
Textbook, distribution examples, packaging materials

Trendy Business Studies Form 3 Pg 50

CHAIN OF DISTRIBUTION

Classification of intermediaries - merchant vs agent traders
Merchant traders - export/import merchants and stockist distributors

By the end of the lesson, the learner should be able to:

- Classify intermediaries based on ownership
-Define merchant traders and their characteristics
-Analyze merchant traders' risk assumption
-Define agent traders and principal relationships
-Distinguish between merchant and agent traders
-Examine ownership and possession concepts

- Discussion on intermediary classification
-Analysis of merchant trader characteristics
-Case studies on risk assumption
-Group work on agent-principal relationships
-Comparison exercises between types
-Practical examples of both trader types

Textbook, trader examples, classification charts
Textbook, import/export examples, stockist cases

Trendy Business Studies Form 3 Pg 42-43

CHAIN OF DISTRIBUTION

Agent traders - commission agents, factors and auctioneers
Non-trading agents - brokers, clearing agents and warehouse keepers

By the end of the lesson, the learner should be able to:

- Define commission agents and their functions
-Analyze del credere commission agents
-Examine factors and their ownership characteristics
-Discuss auctioneers and competitive bidding
-Analyze local representatives and appointments
-Evaluate trading agents' commission systems

- Discussion on commission agent operations
-Analysis of del credere agents
-Case studies on factor operations
-Group work on auction processes
-Examination of Figure 4.1 auctioneer
-Practical examples of trading agents

Textbook, Figure 4.1, agent examples
Textbook, broker examples, warehouse cases

Trendy Business Studies Form 3 Pg 43-44

CHAIN OF DISTRIBUTION

Role of intermediaries and channels of distribution
Channel levels - zero, one, two and three level channels

By the end of the lesson, the learner should be able to:

- Summarize intermediaries' comprehensive roles
-Analyze purchase, sorting, grading and packaging
-Examine clearance and supply facilitation
-Define channels of distribution
-Analyze Figure 4.2 chain of distribution
-Discuss interrelated functions in chains

- Discussion on intermediary roles
-Analysis of comprehensive functions
-Case studies on chain formation
-Group work on Figure 4.2 analysis
-Examination of function relationships
-Practical examples of distribution chains

Textbook, Figure 4.2, chain examples
Textbook, Figures 4.3-4.6, Bata examples

Trendy Business Studies Form 3 Pg 45-46

CHAIN OF DISTRIBUTION

Four-level channels and product distribution patterns
Choosing distribution channels - cost, availability and business factors

By the end of the lesson, the learner should be able to:

- Analyze four-level channel complexity
-Examine agricultural produce distribution
-Discuss farmer-cooperative-board-retailer chains
-Analyze locally produced agricultural goods
-Examine locally manufactured goods distribution
-Evaluate imported goods distribution patterns

- Discussion on four-level channels
-Analysis of Figures 4.7, 4.8, 4.9
-Case studies on agricultural marketing
-Group work on manufacturing distribution
-Examination of import channels
-Practical examples of all product types

Textbook, Figures 4.7-4.9, product examples
Textbook, channel selection examples

Trendy Business Studies Form 3 Pg 47-48

CHAIN OF DISTRIBUTION

Product nature and market development factors
Financial strength, reputation and competitive factors

By the end of the lesson, the learner should be able to:

- Analyze product nature impact on channels
-Examine high unit value products
-Discuss perishable goods distribution
-Analyze standardization effects
-Examine market development stages
-Evaluate new vs established product channels

- Discussion on product characteristics
-Analysis of value and perishability
-Case studies on standardization
-Group work on market development
-Examination of product lifecycle
-Practical examples of product-channel matching

Textbook, product examples, market cases
Textbook, financial examples, competitive cases

Trendy Business Studies Form 3 Pg 49-50

CHAIN OF DISTRIBUTION

Choice of specific intermediary within channels
Pertinent issues - HIV/AIDS prevalence and fatigue problems

By the end of the lesson, the learner should be able to:

- Analyze extent of coverage requirements
-Examine continuity guarantee importance
-Discuss intermediary reputation factors
-Evaluate other products handled
-Analyze effectiveness and reliability
-Examine credibility and trading standards

- Discussion on intermediary selection
-Analysis of coverage requirements
-Case studies on reputation factors
-Group work on effectiveness measures
-Examination of reliability factors
-Practical examples of selection criteria

Textbook, intermediary examples, selection cases
Textbook, health examples, safety cases

Trendy Business Studies Form 3 Pg 51

CHAIN OF DISTRIBUTION

Child labor and environmental degradation issues
Bribery, corruption and ethical business practices

By the end of the lesson, the learner should be able to:

- Analyze child labor temptations in distribution
-Examine under-age employment illegality
-Discuss children's rights violations
-Analyze environmental degradation from trucks
-Examine pollution from distribution activities
-Evaluate proper worker employment practices

- Discussion on child labor issues
-Analysis of rights violations
-Case studies on environmental damage
-Group work on pollution prevention
-Examination of proper employment
-Practical examples of responsible practices

Textbook, child labor examples, environmental cases
Textbook, corruption examples, ethical cases

Trendy Business Studies Form 3 Pg 52

CHAIN OF DISTRIBUTION
NATIONAL INCOME

Learning activities, research and assessment
Meaning of national income and basic concepts

By the end of the lesson, the learner should be able to:

- Conduct field research on local distributors
-Identify distributor types in local area
-Interview distributors about operations
-Organize debate on distributor necessity
-Analyze distribution challenges
-Evaluate distribution effectiveness and importance

- Field research activities
-Distributor identification exercises
-Interview local distributors
-Debate organization and participation
-Analysis of distribution value
-Comprehensive assessment activities

Research guides, interview forms, debate materials, assessment tools
Textbook, Figure 5.1, income examples

Trendy Business Studies Form 3 Pg 52-53

NATIONAL INCOME

GDP, NDP and GNP definitions
NNP, NNI and per capita income

By the end of the lesson, the learner should be able to:

- Define Gross Domestic Product comprehensively
-Analyze GDP components and market value
-Examine agricultural, mineral, industrial production
-Define Net Domestic Product and depreciation
-Analyze Gross National Product concept
-Examine net income from abroad components

- Discussion on GDP comprehensive definition
-Analysis of production components
-Case studies on depreciation calculation
-Group work on GNP analysis
-Examination of export-import differences
-Practical examples of GDP, NDP, GNP

Textbook, production examples, calculation sheets
Textbook, calculators, formula sheets

Trendy Business Studies Form 3 Pg 55-56

NATIONAL INCOME

Circular flow of income - two-sector economy
Four-sector closed economy circular flow

By the end of the lesson, the learner should be able to:

- Explain circular flow basic principles
-Analyze Figure 5.2 two-sector model
-Examine household and firm interactions
-Discuss factor payments and goods exchange
-Analyze outer and inner loop flows
-Examine assumptions of two-sector model

- Discussion on circular flow principles
-Analysis of Figure 5.2 detailed examination
-Case studies on household-firm exchanges
-Group work on flow directions
-Examination of model assumptions
-Practical examples of circular flow

Textbook, Figure 5.2, flow diagrams
Textbook, Figure 5.3, sector examples

Trendy Business Studies Form 3 Pg 56-57

NATIONAL INCOME

Open economy and injections/withdrawals
Methods of measuring national income - income approach

By the end of the lesson, the learner should be able to:

- Analyze Figure 5.4 open economy model
-Examine foreign sector interactions
-Discuss exports, imports and foreign investment
-Define injections and withdrawals
-Analyze equilibrium national income
-Examine S+T+M = I+X+G formula

- Discussion on open economy complexity
-Analysis of Figure 5.4 comprehensive study
-Case studies on foreign interactions
-Group work on injection/withdrawal concepts
-Examination of equilibrium conditions
-Practical examples of open economy

Textbook, Figure 5.4, equilibrium examples
Textbook, income examples, calculation sheets

Trendy Business Studies Form 3 Pg 58-59

NATIONAL INCOME

Problems of income approach and output approach
Output approach problems and expenditure approach

By the end of the lesson, the learner should be able to:

- Analyze income approach problems
-Examine inaccurate data issues
-Discuss double counting problems
-Evaluate subsistence sector challenges
-Define output approach methodology
-Analyze value added concept with Example 5.1

- Discussion on income approach limitations
-Analysis of data accuracy problems
-Case studies on double counting
-Group work on Example 5.1 bread production
-Examination of value added calculations
-Practical examples of output measurement

Textbook, Example 5.1, calculation sheets
Textbook, expenditure examples, formula sheets

Trendy Business Studies Form 3 Pg 60-62

NATIONAL INCOME

Problems in measuring national income
Additional measurement problems

By the end of the lesson, the learner should be able to:

- Analyze comprehensive measurement problems
-Examine depreciation estimation challenges
-Discuss what to include/exclude decisions
-Evaluate subsistence output valuation
-Analyze double counting dangers
-Examine incomplete data issues

- Discussion on measurement challenges
-Analysis of Figure 5.5 subsistence output
-Case studies on inclusion/exclusion decisions
-Group work on data completeness
-Examination of valuation difficulties
-Practical examples of measurement problems

Textbook, Figure 5.5, measurement examples
Textbook, Figure 5.6, valuation examples

Trendy Business Studies Form 3 Pg 63-64

NATIONAL INCOME

Per capita income and economic welfare
International comparison problems

By the end of the lesson, the learner should be able to:

- Define economic welfare concept
-Analyze per capita income as welfare measure
-Examine limitations of per capita income
-Discuss statistical problems
-Analyze money value change effects
-Evaluate international comparison difficulties

- Discussion on economic welfare
-Analysis of per capita limitations
-Case studies on statistical problems
-Group work on comparison difficulties
-Examination of welfare measurement
-Practical examples of welfare indicators

Textbook, welfare examples, comparison charts
Textbook, international examples, comparison cases

Trendy Business Studies Form 3 Pg 65-66

NATIONAL INCOME

Uses of national income statistics
Factors influencing national income level

By the end of the lesson, the learner should be able to:

- Analyze economic growth measurement
-Examine planning purposes applications
-Discuss Table 5.1 Kenya statistics
-Evaluate standard of living measurement
-Analyze investment decision basis
-Examine intercountry comparisons

- Discussion on statistics applications
-Analysis of Table 5.1 Kenya data
-Case studies on planning uses
-Group work on investment decisions
-Examination of growth measurement
-Practical examples of statistics use

Textbook, Table 5.1, statistics examples
Textbook, factor examples, level cases

Trendy Business Studies Form 3 Pg 68-69