head is not the same as wellbeing. It is NOT wellbeing. o High GDP means high level of government expenditure or consumption which also initiate low level of saving. Low level of saving and/or high population growth condemn a country to a low GDP/head in the long run (unless there is a TFP growth). Is GDP a Perfect Measure of Living Standards? Economists estimate the average standard of living in a particular year in a particular country by taking the real GDP and dividing it by population
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NIGERIA The Federal Republic of Nigeria comprises thirty six states and its Federal Capital Territory is Abuja. Nigeria is located in West Africa and shares land borders with the Republic of Benin in the west‚ Chad and Cameroon in the east‚ and Niger in the north. Its coast in the south lies on the Gulf of Guinea on the Atlantic Ocean. The Flag The flag of Nigeria consists of three equal sized vertical stripes - the right and left stripe are green; and the middle stripe is white. The Nigerian
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Source : http://www.theborneopost.com/2011/05/03/personal-financial-planning-improves-standard-of-living/ Personal financial planning improves standard of living Posted on May 3‚ 2011‚ Tuesday “Personal financial planning is essential if we want to improve our standard of living‚ minimise the likelihood of financial disasters‚ invest optimally‚ and accumulate sufficient wealth over time‚” said Professors of finance‚ Dr Koh Seng Kee and Dr Fong Wai Mun in their book‚ “Personal Financial Planning
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Capital and Revenue Expenditures Edwin Bivens XACC- 291 06/08/2014 Capital and Revenue Expenditures: The Differences and Similarities. In order to be able to explain the differences between Capital Expenditure and Revenue Expenditure; I believe it is important to understand what each are: A capital expenditure is an amount spent to acquire or improve a long-term asset such as equipment or buildings. Usually the cost is recorded in an account classified as Property‚ Plant and
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University‚ Ago-Iwoye Abstract This paper has examined empirically the contribution of fiscal policy in the achievement of sustainable economic growth in Nigeria. Using the Solow growth model estimated with the use of Ordinary Least Square method‚ it was found that fiscal policy has not been effective in the area of promoting sustainable economic growth in Nigeria. Although‚ the finding seems invalidating the Keynesian postulation of the need for an active policy to stimulate economic activities‚ however
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Understanding the response of personal savings and expenditure to changes in the interest rates is a central to many issues in the economic policy. If personal savings decline as a result‚ the overall increase in the national savings would be less than the reduction in the budget deficit. Alternatively‚ contractionary monetary policy generally causes interest rates to rise. It personal saving increase as a result‚ the corresponding fall in consumer expenditure helps to slow the economy. Household behaviour
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(The Role and Impact of ICT on Economy Growth) KELLY WEE KHENG SOON (Student ID: 012010110116) (DCT 5033: Managing Information System and E-Commerce) FACULTY OF BUSINESS MANAGEMENT AND PROFESSIONAL STUDIES MANAGEMENT AND SCIENCE UNIVERSITY (MSU) TABLE OF CONTENTS 1.0 Introduction 2.0 Literature and theories 3.0 Role and Impact of ICT on Economy Growth 3.1 Role and Impact of ICT investment 3.2 Measurement of ICT contribution to economic growth 3.3 Policy implication boosting economic
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race‚ and even ecological systems. As Nigeria consists of a wealthy class which seeks wealth by any means‚ it is hard to see how a country like this can evolve much more until corruption is taken out of everyday relationships of the upper class. However‚ there is great hope at the same time‚ because Nigeria is a country that has learned to make positive changes and learned from many of these changes‚ such as the democratization of the Nigerian state. Nigeria has learned to adapt and deal with many
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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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MNCS IMPACT ON LABOUR STANDARDS IN DEVELOPING COUNTRIES INTRODUCTION Globalization has increased the economic power of the multinational corporations (MNCs)‚ especially in developing countries where MNCs have shaped the economy through foreign direct investment (FDI)‚ knowledge transfer‚ influence on employment rates and strong competition within the domestic market. Additionally‚ MNCs have a direct impact on the economic‚ political‚ and social landscape of developing countries; their business
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