The Nigerian economy is most definitely a structured political economy similar to that of the United States. The term political economy examines the relationship between politics and economics in modern societies. Specifically‚ this relationship consists of a key alliance between the government and the economy which are manipulated by the capitalist class in order to serve all of their own interests. The capitalist class however can be further broken down into a ruling class that holds the greatest
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Economy Transdisciplinarity Cognition www.ugb.ro/etc Vol. 15‚ Issue 1/2012 103-111 The Role of Banks in Capital Formation and Economic Growth: The Case of Nigeria Alex Ehimare OMANKHANLEN Covenant University‚ Ota‚ Ogun State‚ NIGERIA alexehimare@yahoo.com Abstract: This study investigates the role of banks in capital formation and economic growth: The case of Nigeria for the period 1980-2009. The economies of all market-oriented nations depend on the efficient operation of complex and delicately
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Economic Theory of Production Economic theory of the firm begins with theory of production. What is a firm? The essence of a firm is to buy inputs‚ convert them to outputs‚ and sell these outputs to consumers‚ firms or government. Therefore a firm is poised between two markets. It is a demander in factor markets. It buys the inputs required for production in factor markets (markets that supply inputs for firms). It is a supplier in market for goods and services. It has to adjust its production
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acknowledge that the information in this project was from various textbooks and information briefly obtained from customer in Anambra new market. CERTIFICATION This is to certify that this research work titled ‘The Role of Middlemen in Nigeria Economy’ A case study of Anambra new market by Osakwe Onyinye was supervised by Supervisor Mrs. Monica. Ezenwugo Signature ------------------------------ Date ------------------------------------ Head of Department Mr. J. T Solomon Signature
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business cycles on fiscal and monetary policy. Answer: Business Cycle: Market economies have regular fluctuations in the level of economic activity which we call the business cycle. In other words‚ the business cycle is the periodic but irregular up-and-down movements in economic activity‚ measured by fluctuations in real GDP and other macroeconomic variables. A business cycle is identified as a sequence of four phases: 1. Contraction (A slowdown in the pace of economic activity) 2. Trough (The
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120N TERTIARY COMPUTER MODELING OF SLOPE STABILITY IN MINING THE TAR SAND OF DAHOMEY BASIN‚ SOUTHWESTERN NIGERIA David Afolayan ALAO and Mopa BASSAGI DEPARTMENT OF GEOLOGY AND MINERAL SCIENCES‚ UNIVERSITY OF ILORIN P.M.B. 1515‚ ILORIN‚ KWARA STATE‚ NIGERIA Abstract The need to have stable slopes in open pit mining of the tar sand deposit of the Dahomey Basin‚ Southwestern Nigeria is emphasized in this study. In the Loda village‚ Southwestern Nigeria‚ samples of the lateritic soil and alluvial
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EVALUATE THE CURRENT NIGERIA AGRICULTRAL POLICY IN THE LIGHT OF AGRICULTURE FOR PRO-POOR GROWTH: INTRODUCTION The assignment would attempt to define ’Pro Poor Growth’‚ analyse the role of agriculture in addressing the problem of poverty with more emphasis on the current agricultural policy in Nigeria. It would be ascertain whether those policies saw the light of the day and some remedies will be suggested as a way forward. PR-POOR GROWTH: In some literature‚ growth is termed Pro Poor when incomes
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CENTRAL BANK OF NIGERIA Economic Report For the First Half of 2012 CBN Half Year Economic Report for 2012 Central Bank of Nigeria Corporate Head Office 33 Tafawa Balewa Way Central Business District P. M. B. 0187‚ Garki Abuja Website: www.cbn.gov.ng Tel: +234(0)946239701 +234(0)946239702 © 2012 Central Bank of Nigeria ISSN 1597 - 2976 iii CBN Half Year Economic Report for 2012 B e the model central bank delivering price and financial system stability and promoting sustainable
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2012-2013 Spanish and international economy Austerity versus growth Individual homework #1 The European economic crisis started in year 2010‚ the first visible serious problem was the debt crisis in the Greece and then other problems have showed. But the main fault had beginning in inconsistent European integration process. The EU has chosen halfway solution of economic integration - they have accepted just common monetary policy without the fiscal union. So from the very beginning of common
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Assignment 1 - Economics The demand and supply schedules for gum are given in the table. a. Draw a graph of the gum market‚ label the axes and the curves‚ and mark in the equilibrium price and quantity. b. Suppose that the price of gum is 70¢ a pack. Describe the situation in the gum market and explain how the price adjusts. c. Suppose that the price of gum is 30¢ a pack. Describe the situation in the gum market and explain how the price adjusts. d. A fire destroys some factories that produce
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