COURSE: BACHELOR OF COMMERCE (BCOM) UNIT: INTRODUCTION TO MACRO-ECONOMICS QUESTION: MICRO-ECONOMICS AND MACRO-ECONOMICS INTRODUCTION Economics is the foundation of all commercial activity and comprises two areas: microeconomics and macroeconomics. Macroeconomics is concerned with the big picture‚ for example‚ the national economy and gross domestic product. By contrast‚ microeconomics is concerned with the small picture and focuses on theories of supply and demand. Microeconomics is
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Relative poverty is when people are poor in relation to people around them in the country. Income poverty is when people are poor when they have less money than the defined poverty line in their country and lastly human poverty takes account other factors such as life expectancy‚ infant mortality‚ nutrition‚ illiteracy and lack of food and clean water and lack of health services. Poverty exists in both MEDC’s and LEDC’s‚ however‚ absolute poverty and the places which suffer poverty severely and the
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FACTORS INFLUENCING EMPLOYER-EMPLOYEE RELATIONSHIP IN STRATEGY EXECUTION IN NON-GOVERMENTAL ORGANIZATIONS IN NAIROBI KENYA TABLE OF CONTENTS CHAPTER ONE 3 1.0 INTRODUCTION 3 1.1 Background of the Study 3 1.2 Statement of the Problem 7 1.3 Objectives of the Study 8 1.4 Research Questions 8 1.5 Importance of the Study 9 1.6 Limitations of the Study 10 1.7 Definition of Operational Terms 10 1.8 Chapter Summary 10 CHAPTER TWO 12 2.0 LITERATURE REVIEW 12 2.1 Introduction 12 2.2 Approaches of Performance
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Role of Commercial Banks in the Economic Development of a Country: Commercial banks are one of the three primary agents which help circulating funds in the market. Commercial banks provide loans and corporate bonds to the households‚ new start ups and small medium enterprises to run their businesses. It also obtains money from the households and invests that money to other profitable investments. The money held as customer account then accrues interest which is given to the customer in the form
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Financial Institution In financial economics‚ a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are highly regulated by government. Broadly speaking‚ there are three major types of financial institutions: 1. Deposit-taking institutions that accept and manage deposits and make loans‚ including banks
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Generations ago‚ Kenya had dozens of different religions until European colonization swept the country; its long lasting effect being that today 82.6% of the Kenyan population is Christian. No matter how long a culture has been living‚ in a blink of an eye it can easily be taken down by a group of outsiders. As Europeans “invaded” Kenya‚ the natives were pressured to convert to the newly presented ideas. Reluctantly‚ many natives were forced to adopt western culture if they wanted to avoid any further
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TAXATION AS AN INSTRUMENT OF ECONOMIC GROWTH AND DEVELOPMENT IN NIGERIA BY MOHAMMED NASIR MOHAMMED 08/02AC039 AUG‚ 2012 CERTIFICATION This research work has been read and approved as meeting the requirement for the award of Bachelor of Science (Hons.) degree in the Department of Accounting‚ College of Management sciences‚ Al-Hikmah University of Ilorin‚ Ilorin. …………………………… …………….. Mr. A.B Uthman
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Assignment topic: DEMOCRACY OR DICTATORSHIP‚ WHICH IS BEST FOR ECONOMIC DEVELOPMENT Economic Development: Economic Development refers to the increase in standard of living in a nation’s population with sustained growth from a simple‚ low-income economy to a modern‚ high-income economy. To see whether democracy or dictatorship is best for economic development‚ we have to see advantages and disadvantages of both of these individually. DEMOCRACY: The word ‘democracy’ means ‘popular government’
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In society today there are many social-economic factors that may influence an individual’s health and illness. Thinking about health‚ it is acceptable in today’s society that health is not a fixed thing. More aches and pains come as people get older and this is accepted as a normal part of ageing‚ but these aches and pains for a younger person are not accepted as normal. "It has been argued by many sociologists that what has been considered to be normal in one society or in one period of history
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IMPACT OF MONETARY POLICIES ON THE NIGERIAN ECONOMY INTRODUCTION: Monetary policy being an economic tool is used to stabilize the economy. It is a tool used by the government through monetary agencies like the Central Bank to control the supply of money in an economy. It is used to bring about economic growth and development through the control of inflation. It impacts the economy cannot over-emphasized. It has very positive impacts on the economy and helps in building a sustainable economy
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