BUSINESS STUDIES FORM TWO NOTES ALL TOPICS
Download Bussiness Studies Form Two Full Notes based in new Syllabus by TIE – Tanzania Institute of Education. Business Studies for Ordinary Secondary Education is a compulsory subject studied by Form I-IV students.
The purpose of learning this subject is to equip the student with knowledge and skills on business operations and management for running businesses, hence the student becomes conversant and confident in operating small-scale businesses successfully.
LABOUR AS A FACTOR OF PRODUCTION
Labour refers to human effort—physical or mental—used in the production of goods and services. It includes workers, employees, and professionals who contribute their skills, energy, and time to economic
activities. Unlike land, which is a natural resource, labour depends on human effort and skills.
For example,
— a farmer in Morogoro cultivating maize,
— a teacher in Dar es Salaam educating students, and a
— fisherman in Zanzibar catching fish are all engaged in labour.
TYPES OF LABOUR
Labour is classified into three main types:
A. Skilled labour
B. Unskilled labour
C. Semi-skilled labour
FEATURES OF LABOUR AS A FACTOR OF PRODUCTION
1. Labour is the most mobile factor of production
2. Labour cannot be stored
3. Labour cannot be separated from the labourer
4. Labour Productivity Varies
5. Labour Requires Motivation
6. Labour can be technologically dependent
BUSINESS STUDIES FORM TWO NOTES ALL TOPICS
TOPIC 1: PRODUCTION
TOPICE 2: FINANCING SMALL-SIZED BUSINESSES
TOPIC 3: SMALL BUSINESS MANAGEMENT
TOPIC 4: WAREHOUSING AND INVENTORYING FOR SMALL BUSINESSES
TOPIC 5: BUSINESS OPPORTUNITY IDENTIFICATION
