the part of all concerned (each time it is brought forth for discussion or analysis) is the issue of equitable revenue allocation in Nigeria. It is an issue which has been politicised by successive administrations in Nigeria both Military and civilian regimes. Indeed‚ in virtually all federations in which the constitution shares power between the central and regional or state governments and‚ for each level to be “within a sphere co-ordinate and independent” (Wheare 1963:93) enough resources need
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Economic Role of the Government Definitions and Basics Public Goods and Externalities‚ from the Concise Encyclopedia of EconomicsMost economic arguments for government intervention are based on the idea that the marketplace cannot provide public goods or handleexternalities. Public health and welfare programs‚ education‚ roads‚ research and development‚ national and domestic security‚ and a clean environment all have been labeled public goods. Government Spending‚ from the Concise Encyclopedia
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What is Market Failure? In a market where there is equilibrium‚ the resources are allocated in the best possible manner and there is ’allocative efficiency’. Allocative efficiency is when situation where Marginal cost is equal to Marginal revenue. However‚ this is not possible in the real world. Market failure exists when the resources are not allocated efficiently. Community surplus is not maximised and thus there is market failure. From a community’s point of view‚ producer surplus is not equal
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PATTERNS OF PHILIPPINE REVENUE 1960-1990 I. INTRODUCTION The government revenue system‚ including the agencies involved in taxation and borrowing‚ has always been the focus in the study of public finance. Public revenues are funds used not only to keep the government machinery going but also to enable the government to carry out its various fiscal functions of allocation‚ distribution and stabilization. The Philippine revenue system has assumed more importance since the government has steadily increased
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Accum. depreciation-Trucks - Equipment 45‚000 Accum. depreciation-Equipment 12‚200 Accounts payable 5‚000 Estimated warranty liability 1‚400 Unearned services revenue - Interest payable - Long-term notes payable 15‚000 D. Buggs‚ Capital 59‚700 D. Buggs‚ Withdrawals 10‚000 Extermination services revenue 60‚000 Interest revenue 872 Sales (of merchandise) 71‚026 Cost of goods sold 46‚300 Depreciation expense-Trucks - Depreciation expense-Equipment - Wages expense 35‚000 Interest expense
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Foundations of limited government What is limited government? A limited government is a government that cannot interfere with personal liberties and individual rights much because it is against the law. John Locke Locke believed that humans‚ by nature‚ had the right to protection of life‚ health‚ liberty and possessions. Locke also strongly opposed the divine right of kings--which held that kings held absolute power because they were placed on their throne by God Insisted that the people
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Restriction Fragment Length Polymorphism and Southern Blotting 1. Abstract The aim of the experiment was to be introduced to the techniques involved in the identification of restriction fragment length polymorphisms. Restrictions were carried out using three different restriction enzymes‚ ECORI‚ HindIII and BstELI with their buffers. Lambda (λ) DNA was then examined using electrophoresis and Southern blotting. The results showed that λ DNA was best digested by EcoRI as all of the expected bands
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reference to: * Software Access Restrictions ………………………………..... 4-5 * Physical Access Restrictions ………………………………….. 6-7 Summary ………………………………………………………………... 8 Bibliography …………………………………………………………….. 9 Introduction Maintenance of data security and integrity in reference to: Software Access Restrictions These are inserted for the purposes of protecting computer software. A few forms of software access restrictions are as follows: * Passwords
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Legislative Power Each of the three branches of government have an incredible amount of power. These branches are the ingredients that make our government what it is today. They all hold powers that work together to keep the government working as a whole. There are many checks placed on each branch to make sure that one doesn’t become too powerful‚ but that does not mean one is not slightly more powerful than the others. Even though the president and Supreme Court judges hold immense power‚ the legislative
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Efficiency The Struggle to Find a Balance Between Responsibility and Effectiveness Accountability is the essence of our democratic form of government. It is the liability assumed by all those who exercise authority to account for the manner in which they have fulfilled responsibilities entrusted to them‚ a liability ultimately to the American people owed by the government and thus‚ every governmental department and agency. Without it‚ power in the hands of the wrong individual or group could be abused to
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