ECONOMY OF NIGERIA Nigeria is a middle income‚ mixed economy and emerging market‚ with expanding financial‚ service‚ communications‚ and entertainment sectors. It is ranked 30th in the world in terms of GDP (PPP) as of 2011‚ and its emergent‚ though currently underperforming manufacturing sector is the third-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 decade
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Impact of Reduced Protection on the Global Economy Protection is essentially defined as any action by national governments that will give an artificial competitive advantage to domestic producers over foreign producers. The opposite of protection is free trade‚ which occurs when there are no limitations to the free movement of goods and services between different economies. The main reasons for nations to reduce protection is to increase efficiency and productivity levels‚ but in reducing protection
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CHAPTER 5 REVENUES AND MONETARY ASSETS Chapter 5 is about Revenue Recognition and Monetary Assets. There are different criteria used in recognizing revenue depending on the standards the company is using. In general‚ revenues should be recognized when an entity has significantly performed what is required in the agreement‚ full ownership of goods is transferred‚ and services are rendered. The Securities and Exchange Commission (SEC) have identified fraudulent cases where the companies
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Immigration and Economy of the United States Economic globalization is a tendency‚ and it can move goods‚ services‚ technologies‚ and capital to achieve the cross-border cooperation. The United States also is a nation of immigrants‚ and a lot of foreign people who believe in American Dream has helped the economic success of the U.S. over the centuries. However‚ now the immigration is a very controversial issue in American‚ and the both presidential candidates also proposed a series of policies about the
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The overall economy condition of Australia Australia’s economy has experienced positive reforms over the last two decades. These reforms have boosted the country’s economy and raised the country’s standard of living. In 2009‚ Australia was the 13th largest economy by nominal GDP of US$930.8 billion (Wikipedia). Positively engaged in world trade‚ Australia is ranked the 21st largest importer and 23rd largest exporter in the world (Economy Watch 2009). Export commodities are: coal‚ iron ore‚ gold
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How Small Business Impacts the US Economy What really drives the U.S. economy? Small business—firms with fewer than 500 employees—drives the U.S. economy. Small U.S. firms pay about 44 percent of the total U.S. private sector payroll‚ which‚ according to the most recent data available‚ accounted for approximately $2.1 trillion of the total (non-farm) private sector payroll of $4.8 trillion. Small businesses with fewer than twenty employees increased employment by 853‚074 during 2001-2002. They
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resources or inputs in the economic marketplace. Traditional business inputs are land‚ labour and capital. There are three major systems that can be distinguished in many parts of the world economy within these basic models there will be a range of variations and differences. Planned (Command) Economy An economy where supply and price are regulated by the government rather than market forces. Government planners decide which goods and services are produced and how they are distributed. Typically associated
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EXAMINATION MISCONDUCT IN THE NIGERIAN UNIVERSITIES BY EZE CHINAZA .P. DEPARTMENT OF EDUCATION MANAGEMENT AND POLICY (ECONOMICS OPTION) ANAMBRA STATE UNIVERSITY ULI 01/05/09 INTRODUCTION Education is a very important tool in the development of an individual and consequently‚ of a nation. Unfortunately in Nigeria today‚ Education is suffering severe crisis. It is besieged by some forces like Lack of commitment by students. Insufficient funding by the government. The menace
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Teachings and Jihad جماعة أهل السنة للدعوة والجهاد Participant in the Nigerian Sharia conflict Active 2001– Ideology Sharia law Islamic fundamentalism Leaders Mohammed Yusuf † Abubakar Shekau[1] Mallam Sanni Umaru Abu Zaid – spokesman[3] Headquarters Kanamma‚ Nigeria Area of operations Northern Nigeria Opponents Nigerian State Battles/wars Nigerian Sharia conflict 2009 Nigerian sectarian violence Nigerian Sharia conflict 1953 Kano riot Warri Crisis 2000 Abuja
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some critics are concerned that all of this will have negative impacts on the Egyptian economy. This report will discuss the proposed project in the New Suez Canal as well as the potential impacts on the Egyptian economy. Furthermore‚ it is my opinion that Egypt ought to continue with this project and strive for economic growth and development. Issues Involving the New Suez Canal Over the past three to four years the Egyptian economy has gone through difficult periods. The Egyptian revolution of
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