Recently a short blog was writen about language inflation that ultimately creates devaluation in meaning. Today‚ popular expressions like epic and brilliant are used to express a more modest meaning than their traditional uses. Brilliant actually means clever‚ and epic actually means surprising. The author explains‚ “Such is our need to imbue our words with force and significance‚ that we use hyperbole to entice people to pay attention – and the hyperbolic terms gradually normalise.” The same
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Inflation – Impact on Indian Economy & Agriculture Savneet Kaur Abstract— Inflation is the rise in the prices of goods and services and affects all the major sectors in an economy. Inflation also reflects erosion in the purchasing power of money – a loss of real value in the internal medium of exchange and unit of account in the economy. In a country like Indian where a majority of population is working in agriculture sector‚ the effect of inflation increases manifold. This paper aims to
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Introduction Inflation - a global phenomenon is becoming a burning issue in many countries all over the world today. The Oxford® Dictionary of Business presents the following definition for inflation: “A general increase in prices in an economy and consequent fall in the purchasing value of money.” In Germany in January 1921‚ a daily newspaper cost 0.30 marks. Less than two years later‚ in November 1922‚ the same newspaper cost 70‚000‚000 marks. All other prices in the economy rose by similar
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THE IMPACT OF FOREIGN DIRECT INVESTMENTS ON THE NIGERIAN ECONOMY BY SHIRO ABASS A. Department of Finance University of Lagos BSTRACT Generally‚ policies and strategies of Nigerian government towards foreign direct investments are shaped by two principal objectives of desire for economic independence and the demand for economic development. Multi national corporations are expected to bring into Nigeria‚ foreign capital in the form of technical skills‚ entrepreneurship‚ technology
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2012 Kidnapping in Nigeria is a very bad business as they celled it to be a business in which people go into Date:May 07‚ 2012 nigeria should not clam to be ignorant of the problem Date:May 07‚ 2012 it is dishearthing n so depressing......... Date:Dec 06‚ 2010 Date:Nov 21‚ 2010 LET THE POLITICIANS THAT BROUGTH THEM TO STOP OTHER POLITICIANS FROM CONTESTING TELL THEM TO DROP THIER ARMS FOR THE INTEREST OF OTHER PATRIOTIC CITIZENS AND INVESTORS TO INVEST IN NIGERIAN ECONOMY Date:Nov 12‚ 2010 Date:Sep
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serious challenge to governments in Nigeria. Its effects‚ which include lack and deprivation in the basic necessities of life‚ are worrisome. Apart from inducing lack of certain capabilities‚ such as that of being able to participate with dignity in societal endeavours‚ poverty has earned recognition due to its damaging effects on the affairs of humanity at the local‚ national and international levels. Indeed‚ poverty is a snare. Among the committee of nations‚ Nigeria has been described as poor. Even
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Factors Influencing Education in Northern Nigeria Introduction The aim of every country in establishing the quality education starts in the availability for all. A well developed country promise much more of the other countries can promise in terms of quality education. Sometimes‚ the countries that have a good quality of education usually serve better opportunities. On the other hand‚ the developing countries are still on planning to catch up with the other successful countries. This
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The economy of Nigeria is a middle income‚ mixed economy emerging market with well-developed financial‚ legal‚ communications‚ transport‚ and entertainment sectors. It is ranked 31st in the world in terms of GDP (PPP) as of 2009‚ and its emergent‚ though currently underperforming manufacturing sector is the second-largest on the continent‚ producing a large proportion of goods and services for the West African region. Previously hindered by years of mismanagement‚ economic reforms of the past
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than spends it‚ then‚ in no way can a person be losing wealth if not for inflation‚ which prompts the prices of all goods and services to rise. One may see this as a trend among businesses to maximize their profits. In reality‚ the root cause of the problem is not with businesspeople‚ but the Federal Reserve System continuously adding more money into the economy. The article I have chosen to summarize examines the U.S. economy of today mainly the food and energy prices that have rose sharply since
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Youth Unemployment in Nigeria INTRODUCTION Nigeria is the most populous country in Africa and the eighth most populous country in the world with a population of 154‚ 729‚000 citizens. Our nominal GDP is $207. 116 billion and we have a nominal per capita income of $1‚ 4011. Nigeria also has the second largest economy in Africa. If I may ask‚ is this country not blessed? Yet‚ it is still plagued by youth unemployment which had been one of our major problems in recent years. Both government and
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