Productivity Of The Nigerian Tax System: 1970–1990 Ademola Ariyo No RP_067‚ Research Papers from African Economic Research Consortium Abstract: Given the negative impact of persistent unsustainable fiscal deficits on the Nigerianeconomy‚ there is now a consensus among interested parties on the need to address the problem effectively. The literature suggests theree approaches for this purpose: increasein revenue‚ reduction in expenditure‚ or a continuation of both. An appraisal of the budgetary
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The South was considered a slave-base economy. Sometimes the South’s economy was considered to be separated from the merchant revolution‚ but this is not entirely true. The north would not have been able to industrialize without the help of Southern cotton‚ or at least not as quickly. Cotton was one of the first industrially produced products and quickly became the most important commodity in the world trade in the nineteenth century. There was a lower number of salves in the North since the Northern
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do occur they can have a devastating effect. A recession or economic downturn is defined as a period is temporary economic decline during in which trade and industrial activity are reduced. Economic recession is generally accompanied by a rise in unemployment‚ high inflation‚ and decline of the housing market. Otherwise known as “The Great Recession‚” the recession in the United States from the year 2007 to 2009 negatively impacted the United States economy by significantly altering the US’s labor
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5680 IEEE TRANSACTIONS ON POWER ELECTRONICS‚ VOL. 29‚ NO. 11‚ NOVEMBER 2014 A Novel Soft-Switching Boost Converter With Magnetically Coupled Resonant Snubber Tianwen Zhan‚ Yingchao Zhang‚ Jintong Nie‚ Yongchang Zhang‚ Member‚ IEEE‚ and Zhengming Zhao‚ Senior Member‚ IEEE Abstract—A novel soft-switching boost converter with a magnetically coupled resonant snubber is presented in this paper. The passive snubber circuit‚ which is composed of two diodes‚ two capacitors‚ and one coupled inductor
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COMMERCIAL CONTRACTS UNDER NIGERIAN LEGISLATION Introduction A contract is an agreement which is legally binding on the parties to it and which if broken may be enforced by action in court against the party that has broken it. A contract may be void or voidable. A void contract is that which lacks the essential ingredients or elements of valid contract and therefore of no legal effect. A voidable contract is that which is valid in the first place but may be ended at the instance of one of the
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The effect of strategy on the use of supply chain management tools – exploratory survey in the Hungarian automotive industry István Jenei1‚ Krisztina Demeter2‚ Andrea Gelei3 Budapest University of Economic Sciences and Public Administration‚ Hungary Abstract Supply chain management (SCM) usually goes beyond company boarders. Cooperating parties are required‚ who decide to work together. The way how this cooperation evolves depends on the strategies and practices of the parties. In this paper
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apparent that the Fukishima Daiichi nuclear power plant meltdown had a disastrous effect on Japan as a whole. On March 11‚ 2011‚ a 9.0 magnitude earthquake hit the coast‚ just off of Japans borders‚ the earthquake its self‚ moved the earth off of its axis. The massive 5 minute long earthquake moved the earth’s tectonic plates‚ which then triggered a 15 meter high tsunami‚ less than an hour later. There was a 5.6 meter high defence wall‚ bordering the power plant‚ which sank about a meter during
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Why was France unstable during the period 1920-40? Between 1920 and the fall of the Third Republic in May 1940‚ France had seen 44 different governments and over 20 Prime Ministers. The divide between Right-wing and Left-wing parties at the time was bigger than ever before. So many political parties made it difficult to accomplish stable government during this period. The country was faced with huge losses in manpower and economic destruction after the war‚ despite being one of the victors. The
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these variables. Catch-up effect : Countries that start off poor tend to grow more rapidly than countries that start off rich Y=C+I+G S=I S=(Y-T-C) + (T-G) = private saving – public saving. Because a high interest rate makes borrowing more expensive‚ the quantity of loanable funds demanded falls as the interest rate rises. The supply and demand for loanable funds depend on the real interest rate and not nominal. Increase in saving = shift the supply of loanable funds to the
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ECONOMIES OF SCALE AND ECONOMIES OF SCOPE Economies of scale are reductions in average costs attributable to production volume increases. They typically are defined in relation to firms‚ which may seek to achieve economies of scale by becoming large or even dominant producers of a particular type of product or service. A distinction can be made between internal and external economies of scales. Internal economies of scale occur when a firm reduces costs by increasing production. External economies
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