Introduction The Federal Democratic Republic of Nepal is a landlocked sovereign state situated in South Asia. The country is bordered by the People’s Republic of China and the Republic of India. Kathmandu is capital of Nepal and also the largest metropolis of the country with a population of around five million. Total population of the country is around 27 million while two million of them are abroad for jobs and education. Official language of the country is Nepali while Nepal Bhasa‚ Maithili and
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defined the term in different ways. • 1803: Jean-Baptiste Say: An entrepreneur is an economic agent who unites all means of production- land of one‚ the labour of another and the capital of yet another and thus produces a product. By selling the product in the market he pays rent of land‚ wages to labour‚ interest on capital and what remains is his profit. He shifts economic resources out of an area of lower and into an area of higher productivity and greater yield. • 1934: Schumpeter: Entrepreneurs
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Chapter 2 Protest movement in Nigeria In democracy‚ having a wide spread number of people tell the government that they do not like its practices could herald to protest movements. As thus‚ it is a very effective way of getting changes made and raising or revisiting issues. History of protest movement During the 19th and early 20th century‚ Nigerians sought and found ways to oppose the foreign rule. As the middle classes and the working classes became more educated‚ there came with it‚ the desire
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C H A P T E R 4 Money and Inflation Notes to the Instructor Chapter Summary This chapter explains the classical theory of money. It is important both because the topics covered are central to an understanding of the economy and because many of the concepts introduced are used elsewhere in the book. The chapter has three main goals: 1. To explain the economic meaning of “money” and to introduce money supply and money demand. 2. To examine the effects of monetary policy when prices are flexible
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Feudalism is present in Nigeria Feudalism has been around since the medieval life. The feudal system was a way of government based on responsibilities between the king or lord and vassal. The king would give large estates to his relatives‚ and these estates would range from his large assets to just a small piece of land; for example‚ farms‚ barns‚ animals and houses. And in return‚ what so ever the king asks the relatives to do they have to respond to it as the king commands. In my understanding
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DECADENCE IN NIGERIA It is of no doubt that moral decadence has completely replaced core moral values in present times. This ravaging phenomenon is the cause of some of the major problems Nigeria is facing as a Nation. A society where the youths do not think of how tomorrow would be better than today or how to invent new things to automate processes involved in our daily activities rather focusing on how to enrich themselves by any means and controlling enormous wealth at a tender age. Many
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of secret fraternities in Edo and Anambra States of Nigeria have once again brought to focus the impact of the activities of the nefarious groups on the polity. Not too long ago‚ two prominent movie stars were brutally assassinated in Edo State in what was alleged as a frat-related offensive‚ which culminated in the death of about twenty individuals. Most recently inhabitants of Anambra state were terrorised by frat men‚ who held the state capital hostage in a brutal frat war between members of two
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1 Export Prospects of Agarbattis from India “A garbattis” also known as “Incense Sticks” are made from aromatic plants and essential oils extracted from plants or animal sources. When lightened‚ they release fragrant smoke which is used in religious activities‚ prayers‚ therapeutic and aesthetic purposes. These have been used since times immemorial as an integral part of Hindu deity worship In India. There are about 10‚000 agarbatti manufacturing units in the country including tiny
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Mutual funds provide good investment opportunity to investors in general and especially to those investors who have little knowledge about security markets and its intricacies. As financial markets become more sophisticated and complex‚ investors need a financial intermediary who provides the required knowledge and professional expertise on successful investing. It is no wonder that in the birthplace of mutual funds – the USA – the fund industry has already overtaken the banking industry‚ more funds
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international poverty trap. The reason is that most LDCs are being bypassed by potentially beneficial aspects of globalization of production systems‚ finance and markets‚ at the same time as being exposed to certain negative aspects. In terms of access to foreign markets‚ it is difficult for LDCs to benefit from the opening of other markets as production and supply capabilities are weak. Whilst many of the LDCs are not benefiting from these potential positive effects of globalization‚ they are experiencing
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