Lesson Notes By Weeks and Term - Senior Secondary 1

Capitalism

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Term: 1st Term

Week: 9

Class: Senior Secondary School 1

Age: 15 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Government

Topic:-       Capitalism

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

  1. Define capitalism
  2. Outline the features of capitalism
  3. State the merits and demerits of capitalism

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION

TEACHER’S ACTIVITY

STUDENT’S ACTIVITY

STEP 1

INTRODUCTION

The teacher reviews the previous lesson on political culture and socialization

Students pay attention

STEP 2

EXPLANATION

He defines capitalism and outlines its features

 

Students pay attention and participates

STEP 3

DEMONSTRATION

He states the merits and demerits of capitalism

Students pay attention and participate

STEP 4

NOTE TAKING

The teacher writes a summarized note on the board

The students copy the note in their books

 

NOTE

CAPITALISM

Capitalism may be define as a political/economic system in which all means of production are owned and controlled by private individuals and in which the economic activity of government is at a minimum e.g. USA, NIGERIA, New Zealand, Japan are capitalist countries.

 

Features of capitalism

  1. Private ownership and control of all means of production
  1. Freedom of choice to consumers
  1. Profit making is the guiding principle
  1. Labour is regarded as a marketable commodity
  1. Competition which leads to economic rivalry between one firm, consumer etc and another.

 

MERITS OF CAPITALISM

  1. Capitalism is self regulating
  1. It encourages hard work
  1. Capitalism encourages faster economic development
  1. The system creates form for effective use of talents
  1. It encourages economic competition among producers and consumers

 

DEMERITS OF CAPITALISM

  1. Capitalism is utterly exploitative
  1. It encourages few rich individuals at the expense of the majority
  1. Inequitable distribution of income
  1. profit-making is the driving force at the expense of human life
  1. Capitalism creates job insecurity unemployment

  

EVALUATION:    1. Define capitalism

  1. Outline the features of capitalism
  2. State three merits and demerits of capitalism

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively