?Economics is a social science that mainly focuses on different fields of knowledge dealing with the proper distribution‚ allotment‚ production and consumption of resources. Economics has been divided into two significant branches; one of it being the microeconomics and the other one being the macroeconomics. Microeconomics can be easily understood through the term micro itself which means small‚ microeconomics focuses on small level that is to say it includes areas of individual decision making
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describe the macro environment‚ can be identified and examined. These There are a number of common approaches how the external factors‚ which are mentioned in the factors indirectly affect the organization but cannot be controlled by it. One approach could be the PEST analysis. PEST stands for political‚ economic‚ social and technological. Two more factors‚ the environmental and legal factor‚ are defined within the PESTEL analysis (or PESTLE analysis). The segmentation of the macro environment according
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Introduction to Macroeconomics Chapter 1 Introduction to Macroeconomics 1.1 INTRODUCTION • • • • • • • Economics is divided into two main branches: microeconomics and macroeconomics. Macro means large‚ and micro means small. Microeconomics takes a close-up view of the economy by concentrating on the choices made by individual participants in the economy such as consumers‚ workers‚ business managers and investors. Microeconomics stresses on the role of prices in business and personal decisions
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THE PLACE OF NDI-IGBO IN NIGERIA’S SOCIAL AND ECONOMIC DEVELOPMENT By Ikechukwu D. Ikerionwu Relationship Management Unit Sterling Bank Plc‚ Lagos‚ Nigeria ABSTRACT The advent of European colonialism radically altered the Igbo consciousness and compelled them to draw upon opportunities of the ‘new order’ to meet social and economic demands. The twentieth century was a period when the Nigerian people
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www.ccsenet.org/ijef International Journal of Economics and Finance Vol. 4‚ No. 1; January 2012 Adopting Strategic Management Approach in the Capital Market Development: The Nigerian Case Augustine‚ UJUNWA‚ Ph.D (Corresponding author) Department of Banking and Finance‚ University of Nigeria‚ Enugu Campus Tel: 234-803-501-0116 E-mail: austinesilver@yahoo.com Nwanneka Judith‚ MODEBE Department of Banking and Finance‚ University of Nigeria‚ Enugu Campus Tel: 234-703-066-2470 Received: July 25‚ 2011
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Executive SummaryThe macro-environment consists of larger societal forces that affect entire micro-environment. The six forces making up the company’s macro-environment include demographic‚ economic‚ natural‚ technological‚ political/legal‚ and social-cultural forces. Companies must constantly watch and adapt to the marketing environment in order to seek opportunities and ward off threats. “The marketing environment comprises all the actors and forces influencing the company’s ability to transact
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What Is Macro Environment? The major external and uncontrollable factors that influence an organization’s decision making‚ and affect its performance strategies. These factor includes the economic factors; demographics; legal; political‚ and social conditions; technological changes; and natural forces. Macro environment factors are beyond the control of an organization. This is because those factors are positioned outside the organizational system. Those forces are the prime factors in corporate
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largest democracy with federal form of government. The fiscal arrangements in India have evolved in a quasi-federal system to meet the requirements of centralized planning in a mixed economy structure and their sources of revenue for both Centre and State were clearly demarcated with regard to the financial relationship and the responsibilities between them. Our constitution provides residual powers to the Centre and makes clear division of fiscal powers between the Centre and the State Governments
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FISCAL POLICY AND MEASURES TO REDUCE FISCAL DEFICIT TO MANAGEABLE LIMITS Fiscal Responsibility - the Debate 1. There is‚ by definition‚ a tension between fiscal restraint and finding resources for all the expenditure needs of the government. Where this line is drawn and how this tension is managed is the stuff of much economic analysis as well as ideological debate. The Fiscal Responsibility and Budget Management (FRBM) Act mandates the Centre to have reduced fiscal deficit to 3% of GDP and
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the demographic profile of your country based on the latest census data including: size of population‚ sex composition‚ age structure‚ racial composition‚ educational achievement composition‚ employment status BRIEF INTRODUCTION: Nigeria‚ located in West Africa‚ Nigeria is the population giant of Africa‚ with more than 140 million people. The terrain changes from the oil-rich Niger Delta in the south to a belt of rain forests inland and to high savannah-covered plateaus in the north. With her Federal
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