Financial Institution In financial economics‚ a financial institution is an institution that provides financial services for its clients or members. Probably the most important financial service provided by financial institutions is acting as financial intermediaries. Most financial institutions are highly regulated by government. Broadly speaking‚ there are three major types of financial institutions: 1. Deposit-taking institutions that accept and manage deposits and make loans‚ including banks
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Role of Financial Institutions in Economy’s Development of Pakistan The importance of Financial Institutions (FIs) cannot be overemphasized. Financial Institutions perform the important function between providers of investable funds (depositors‚ securities holders etc.) and the users of such funds (namely businesses). Any economy can’t progress without its financial sector facilitates its business activities consistently‚ and in the case of a developing country like Pakistan‚ these FIs act as a necessary
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I. Introduction: The development of a modern society depends to a large extent on the nature and standard of higher education. Thus the role of higher education is to prepare competent‚ knowledgeable and far-sighted people for assuming various higher responsibilities. The growing importance of knowledge in the modern world can hardly be overemphasized‚ especially in the era of globalization and in a global environment which is fiercely competitive. Particularly‚ higher education has enormous
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creations of modern society. Its primary task is to move funds from surplus economic units to deficit economic units spenders to produce goods and services and to make investments in new equipments and facilities so as to facilitate the growth of the economy and improve the standard of living of its citizens. It is generally recognized that a financial system and its components play a catalytic role in the process of economic development. As the economy grows‚ the financial system becomes increasingly more
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C17B- SERVICE MARKETING * Explain the role of service industry in economic development of a nation Service sector is the lifeline for the social economic growth of a country. It is today the largest and fastest growing sector globally contributing more to the global output and employing more people than any other sector. The real reason for the growth of the service sector is due to the increase in urbanization‚ privatization and more demand for intermediate and final consumer services
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system would act as a hindrance to economic development. Thus‚ the single most significant complex of social-control tools for national development is found in the educational system; be it formal or informal. (Uwadia ‚ 2010). It is also accepted that the development of any nation depends largely on the development of the human population in that nation which can majorly be improved through education. Smith (1937) stressed the significance of education in human capital formation. Therefore it follows
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Economic development Economic development is the development of standard of living of humans. Development in infrastructure‚ health‚ industry‚ education‚ and financial institutions are parts of economic development. Average income of a person‚ life expectancy at birth‚ literacy rate‚ etc. are measurements of economic development. In order to increase the standard of living infrastructure facilities should be developed. Developments in roads‚ irrigation systems are a part of economic development
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EFFICIENCY OF RESOURCE USE IN SMALLHOLDER DAIRY FARMS IN WESTERN KENYA J. I. MOSE1‚ G. AMUSALA1‚ P. NYANGWESO1 ‚ & C. O. KENYANITO2 1. Moi University Department of Economics and Agricultural Resource Management‚ P.O. Box 3900-30100 Eldoret‚ Kenya. 2. Bukura Agricultural College‚ P.O. Box 23‚ Bukura‚ Kenya Corresponding author: mosejared@yahoo.com ABSTRACT This study was motivated by the need to find out whether farmers could increase their milk production through
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THE ROLE OF THE MILITARY IN NIGERIA POLITICS BY IRABOR IKECHUKWU EMMANUEL. MPA 822. THIS IS SUBMITTED TO THE DEPARTMENT OF POLITICAL SCIENCE AND PUBLIC ADMINISTRATION IN PARTIAL FUFILLMENT OF THE AWARD OF DEGREE OF MASTERS IN PUBLIC ADMINISTRATION (MPA). UNIVERSITY OF BENIN. LECTURER DR EBOHON JANUARY‚ 2012 INTRODUCTION The role of the military in Nigeria politics cannot be over looked. We are going to analyse this issue from 1966-1979‚ 1983-1999 and their role in present
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THE IMPACT OF NATIONAL POVERTY ERADICATION PROGRAMME (NAPEP) ON ECONOMIC DEVELOPMENT OF NIGERIA (A CASE STUDY OF BWARI MUNICIPAL AREA COUNCIL‚ FCT‚ ABUJA) AYOOLA ISAIAH OLUFEMI REG NO. 51026 A RESEARCH PROJECT SUBMITTED TO CHARTERED INSTITUTE OF ADMINISTRATION IN PARTIAL FULFILLMENT OF THE REQUIREMENT FOR THE AWARD OF DIPLOMA IN BUSINESS STUDIES (DBS) JULY 2010 DECLARATION I declare that this research project work was carried out by me through extensive study and readings and that the relevant
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