serious challenge to governments in Nigeria. Its effects‚ which include lack and deprivation in the basic necessities of life‚ are worrisome. Apart from inducing lack of certain capabilities‚ such as that of being able to participate with dignity in societal endeavours‚ poverty has earned recognition due to its damaging effects on the affairs of humanity at the local‚ national and international levels. Indeed‚ poverty is a snare. Among the committee of nations‚ Nigeria has been described as poor. Even
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A comparison of economic growth in Germany and Norway from 1986 – 2010. The impact of four key concepts: comparative advantage‚ culture‚ economic freedom and innovation progress. Matúš Magic Utrecht University School of Economics Abstract This paper explains why Germany and Norway are one of the wealthiest nations in the world by using 4 key concepts – Comparative advantage‚ Innovation progress‚ Economic freedom and Culture. These four key concepts show us what has had to be done
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INFLATION (560 words) OUTLINES: INTODUCTON LEADING CAUSES OF INFLATION FRAGILE ECONOMIC POLICES HOADRDING‚ DISHONEST ATTITUDE OF TRADERS STEPS TO CHECK INFLATION Inflation refers to a continuous‚ general increase in the price of goods and services. Rise in prices is called inflation. Inflation at very fast rate is Hyper-Inflation‚ medium is Strato-Inflation
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CAN NIGERIA ’S NASCENT DEMOCRACY SURVIVE? BY Emmanuel 0. Ojo (Ph.D) Department of Political Science University of Ilorin‚ Nigeria P. F. Adebayo (Ph.D) Lebanese Emigration Research Center‚ Notre Dame University‚ Lebanon ABSTRACT By May 2009‚ Nigeria ’s nascent democracy should have been a decade. Thus‚ the thrust of this paper is an in depth analysis of the possibility of sustaining democratic values beyond any sudden reversal. The. paper however‚ takes a cursory look at the daunting challenges
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Osaka is located in the centre of Japan on the island of Honshu. Modernly it supports a population of 8.8 million. It’s strong economy opened many doors of cultural advances and varieties of art and entertainment. Another factor in its diverse growth is its port. the port served as an entrance for visitors of the Asian continent‚ mostly Korea and China‚ who developed in spreading different ideas in many areas of knowledge. these visitors brought the rapid growing religion of Buddhism. Osaka went
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1) A Countrys rate of economic growth is important because an economy that grows to slowly fails to raise the living standards of its citizens 2)Related don’t let this happen to you! Use the data for the country of New Finlandia in the following table to calculate the following 2006 4‚568. A] the percentage of real gap per capita between 2006 and 2010 is ____3.92_____% The average annual growth rate in real gap per capita between 2006 and 2010 is _________2_____% 3)The following table gives real
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Journal of Economic Theory 2(1): 16-21‚ 2010 ISSN: 2042-485X © M axwell Scientific Organization‚ 2009 Submitted Date: December 09‚ 2009 Accepted Date: December 28‚ 2009 Published Date: January 30‚ 2010 Managing the Global Economic Meltdown in a Consolidated Banking Sector of Nigeria: Rhetorics or Realities J. David Agaba and M.S. Tenuche Department of Political Science Kogi State University‚ Anyigba Abstract: This paper interrogates the implications of the global economic meltdown on the Nigeria Economy
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Food inflation Definition: - Food inflation can be defined as a consistent rise in the price level of all agricultural food items. This rise in price level is neither seasonal nor sudden‚ it keeps on increasing over a period of time. This is one of the biggest problem faced by the economy. Causes of food inflation * Due to lack of post harvesting infrastructure such as cold chains‚ transportation‚ and storage facilities. * High food inflation ensures that consumers have to cut back on their
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CHAPTER ONE INTRODUCTION 1.1 BACKGROUND TO THE STUDY Recent literatures on economic growth asserted that ex-ante development of the financial system facilitate ex-post economic growth (e.g. Rajan and Zingales). In recent time‚ the link between financial market development and economic growth has received much attention in the literatures (King and Levine 1993‚ Rajan and Zingales 1998‚ Calderon and Liu 2002‚ Sunday E. Ewah and Judey Bassey 2004‚ T.S. Osinubi 2000). This is not unexpected
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From the year 1865 to 1900 the United States government was attributed to following the standards of laissez-faire‚ an economic axiom in opposition of governmental moderation of or meddling in commerce beyond the merest essential for a free-enterprise organization to function according to its own economic regulations. The United States government took this stance of noninterference‚ however‚ apparent within the guiding principles concerning railroad land grants‚ management of interstate commerce
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