Advantages &Disadvantages There are few advantages by change the economy system from Centrally Planned Economy or also known as socialist economy to capitalism or Free Market Economy . Competitions between firms should result in firms wanting to achieve economies of scale produce as efficiently as possible because they want prices to be as low as possible so that consumers will want to buy from them in simple understanding is making more profit by produce some goods. This shows that producer
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PRESUMPTIONS IN THE LAW OF EVIDENCE Introduction As a general and fundamental rule in the law of evidence‚ facts on which a court can base its decision in any proceedings must be proved to exist by evidence. Nevertheless‚ the proof of the existence of some classes of facts is dispensed with. Such facts include: facts presumed‚ facts admitted for the purpose of trial and facts judicially noticeable. This research work basically deals with facts presumed i.e. presumptions. In the course of discussion
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Nigeria can not be over emphasized. This research work examines the growth of the Nigerian Stock Exchange (NSE) ; the hub of the Nigerian capital market and it effect on the economic development of Nigeria using time series data from 1995 to 2005. Studies reveal that there have been a remarkable growth in the capital market during the period under study like non-other as far as security issue is concerned in Nigerian. The research findings‚ found a positive and significant relationship between the
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Increase of Taxation Effect on Middle Class Effects of Taxes are needed in order to securely administer and fund different governmental organizations‚ as well as construction and other universal infrastructure services. Many proponents of taxes suggest that taxation is way too extreme within the present day economic trends that exist within America. Taxes do fund many programs and construction of certain projects within America‚ but also affect certain aspects of America’s economy. Taxes do present
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The southern economy flourished on the backbones of the men and women that were enslaved in the 18th and 19th centuries. With the threat of the removal of the core method of profit for hundreds of plantation owners‚ an anger rose that would lead to an illogical reaction of withdrawing their entire region from the country that had built them. In essence the South felt a strong need to protect what they believed they possessed: the use of humans as components in the profit machine. This fierce protectiveness
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IMPACT OF CREDIT RISK ON PERFORMANCE OF NIGERIAN BANKS BY LAWAL AHMED ABSTRACT BACKGROUND TO THE STUDY Financial institutions are germane to the economic development of any nation through the financial services they provide. Their intermediation role can be said to be a catalyst for economic growth. The banking industry in Nigeria has achieved great prominence as a result of the intermediation role. The efficient and effective performance of the financial services industry over time is
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Economics Assignment 2 The Indian Economy Executive Summary The Indian Economy is currently experiencing strong growth adverse to difficulties witnessed after the global financial crisis. Current GDP levels at approximately $1.5 US Dollars as the fifth largest economy in the world. The aim of this paper is to address macroeconomic conditions that may affect India’s ability to maintain high levels of growth. Monetary and Fiscal policy have been analysed and recommendations made to manage
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Introduction “No taxation without representation!” This was a chant that was vocalized during the stamp act where colonist were fighting for their right to verbalize their beliefs of the unfairness of taxes in parliament. It was one of the many things that had changed America.The Revolutionary war was a time of fighting for independence‚ and freedom. Everything that happened was because of the British ruling the colonies and treating the colonists wrongfully‚ by adding unfair taxes to things such
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CC3155 Taxation Tutorial 1 (2009/10 Semester 1) Suggested Answers to Tutorial Questions (Lecture 1) Overview of the Hong Kong Tax System and Administration A) Quiz 1. 2. 3. 4. 5. 6. 7. 8. F T T T F T E The chargeable person a) Salaries tax: person who has income from employment‚ office or pension deriving from HK‚ b) Property tax: owner of land/buildings in HK‚ and c) Profits tax: person who carries on a trade‚ profession or business in HK. 9. April 1st‚ March 31st‚
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INTERNATIONAL ECONOMIC RELATIONS An Economic Analysis on The Underground Economy A CONCEPTUAL APPROACH BISOCEANU MARIA-CRISTINA NEGREA BIANCA-DENISA Summary: I. Introduction II. Conceptual clarifications and a theoretical approach II.1 The labor market. The minimum wage. II.2 Unemployment. The opportunity cost of labor. III. The Underground Economy III.1 The illegal economy III.2 The informal economy III.3 The underground production IV. Conclusions I. Introduction
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