Awolowo. Awolowo is his name by birth; He was Nigeria’s foremost federalist‚ in His path to Nigerian freedom. He provided free primary education for people in the western region because he believed education is the key to freedom and He established the first television service in Africa‚ all of this were financed from the highly lucrative Coco industry which was the mainstay of the regional economy. Legacies they say are being left by people of integrity and being passed from generation
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During the 1950s‚ after World War II‚ the economy was booming‚ and many Americans were living “the American Dream‚” or enjoying material comfort. By 1956‚ the majority of Americans no longer had industrial jobs‚ such as working in the factories‚ producing goods. Instead‚ more Americans were working in professional occupations that paid more than the industrial jobs‚ such as sales‚ insurance‚ communications‚ and advertising. In addition‚ Americans in the 1950s had more leisure time than ever‚ working
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INFLATION In economics‚ inflation is a rise in the general level of prices of goods and services in an economy over a period of time. When the general price level rises‚ each unit of currency buys fewer goods and services. Consequently‚ inflation also decrease the purchasing power of money. Effects of Inflation on economy 1. Decrease Production: People buying less of goods and services as their income is limited. This leads to slowdown not only in consumption but also production. This is because
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Introduction What inflation is? Inflation is an increase in the price of a basket of goods and services that is representative of the economy as a whole. Subsequently‚ it will cause purchasing power fall. In simple terms‚ it means that too much of money is chasing for one particular item. When too much of money is available‚ the seller may raise the price of which he is willing to sell. In the long run‚ inflation has the potential of erasing the purchasing power of the people. It is because when
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analysis of the impact of GDP growth rate and employment rate on inflation. For this purpose data from 1995 to 2008 has been collected and analyzed through OLS technique. The result of the model shows that GDP growth rate and employment rate adequately affect inflation. With the increase in GDP and employment‚ inflation decreases. INTRODUCTION Inflation is a burning issue in Pakistan. It is generally felt that for several years Pakistan has had a double-digit inflation. The public sector has used
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Outsourcing and the U.S. Economy Outsourcing jobs has been a topic of great debate for the past several years here in the United States. Those who are against outsourcing stated that it would have a negative effect on the U.S. economy because we would lose our competitive advantage to other countries and hundreds of Americans would lose their jobs‚ which include not only low-skilled workers but also semi-skilled and skilled workers‚ and in the end this does not leave enough jobs for the American
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Financial Crises and Economic Growth Robert A. Jarrowy August 22‚ 2011 Abstract This paper constructs a simple yet robust model of …nancial crises and economic growth where …nancial markets a¤ect real economic activity. Financial markets increase real output by facilitating investment through the borrowing/lending of capital. However‚ the borrowing of capital is risky due to randomness in the …rms’production. Financial crises occur when output and liquid capital are insu¢ cient to meet required
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The Effects of Ethanol on the Economy ECON 203 May 3‚ 2007 The Effects of Ethanol on the Economy Corn crops are responsible for producing numerous valuable resources and products and therefore‚ corn is a vital part of the nation’s agricultural industry. One of the most valuable products derived from corn is ethanol. Due to the demand for ethanol corn has experienced an increase in value. Farmers are able to charge
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Latest news Inflation remains a serious concern in India with the Consumer Price Index (CPI)-based inflation rising for the fifth consecutive month in February. At 10.9% from a year ago‚ consumer price inflation in India is the second highest among major economies—we still have some way to go before we can challenge Venezuela. Prices in the food‚ beverages and tobacco segment went up 13.4% from a year ago‚ a 33-month high. Vegetable prices have shot up 21% year-on-year. Core CPI inflation (ex-food
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Name: Kyangchong Sambo Candidate Number: BU/13C/BS/0760 Date of Submission: 25TH March 2014 Course Title: History of Ideas‚ Science and Society 1 Course Code: GEN 102 Tutor: Dr. Udo Osisiogu WHAT IS REVOLUTION? Revolution like most English words is gotten from a Latin word “revolution”‚ which means “a turn around”. Revolution can be described or defined in so many ways‚ but basically it is a rudimentary alteration in power that happens during a short period of time
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