Heat the skillet: Heat 1 tablespoon of cooking oil in a large skillet over medium heat for about 2 minutes.

Sauté the vegetables: Add the diced onions and bell peppers, sauté for 3-5 minutes until softened.

Brown the beef: Add 1 pound of ground beef, cook for 5-7 minutes until browned.

Mix in the potatoes and spices: Stir in 2 diced potatoes, 1 teaspoon garlic powder, 1 teaspoon paprika, and season with salt and pepper.

Cook until tender: Cover and cook for 15-20 minutes on medium-low heat until potatoes are fork-tender.

Final touches: Adjust seasoning if necessary before serving.