S5 Economics Revision Exercise 1: Firms and Industries

This revision exercise from Trinity College Nabbingo provides Senior 5 economics questions on firms and industries. Section A asks learners to distinguish key concepts, identify Ugandan examples and state reasons for industrial location and horizontal mergers. It also covers rooted and footloose industries and factors affecting the average product of labour. Section B requires longer explanations of industrial localization and its effects, alongside internal and external growth of firms and the factors influencing growth in Uganda. Prepared by Ms. Nabulya Mary Kintu, the exercise contains questions without answers or a marking guide.