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Natural resources refer to the materials or substances with which a nation has been endowed by nature and which are necessary for the production of human wants. They are mostly associated with land in all its ramifications. Examples of natural resources are the minerals in the ground and vegetation. Natural…
MEANING OF INFLATION Inflation refers to a persistent and sustainable rise in the general price level. A general phenomenon during a period of inflation is the continuous fall of the value of money in the economy. PRICE…
Access Bank Code 2023 – List of Access Bank USSD Codes | Access Bank Transfer Code: On this page, I will satisfy your intent by giving you all information you need. You will be presented with the requirements to activate the transfer code, list of Access bank USSD code, Access bank transfer limit, and additional…
Definition of Industry and Industrialization Industry: The term industry refers to a group of firms that produce broadly similar goods or offer broadly similar services e.g. all the firms producing cement belongs to the cement industry. The firm on the other hand refers to an independently administered business unit that carries out production, construction, or distribution…
DIFFERENCES BETWEEN DOMESTIC TRADE AND INTERNATIONAL TRADE Domestic trade is also known as internal trade. It involves the exchange of goods and services within the national boundary. International trade is also known as foreign trade or external trade and it involves the exchange of goods and services…
SPW Payment Date: News of the Day for the Federal Government 2022 NDE 774000 NDE 774000 SPW Stipends/Salary Payments in February for Special Public Work (SPW) Program: As we regularly update our audience on SPW stipends/Salary Payments. SPW Stipends/Salary 2022 Payments Update | SPW payment date 2022 This publication is intended specifically for the beneficiaries…
A business organization is any form of establishment that undertakes the production of goods or rendering of services demanded by the consumers. The primary objectives of any business or organization are to make a profit. Types of Business Organizations Business organizations can be classified into two major types. These are private enterprises and…
WHAT IS ECONOMIC INTEGRATION? Economic integration is a condition of international trade in which all trade barriers and restrictions are removed. There is perfect capital mobility, complete freedom of migration, complete freedom of establishment of businesses, and unhindered flow of information and technology. As stated above, economic integration is…
Agriculture is derived from two Latin words ager and culture which means field and cultivation respectively. Agriculture is the tilling of the soil to produce both food and cash crops, livestock, etc. COMPONENTS OF AGRICULTUREThe main components of agriculture are: (i) Crop production (ii) Livestock farming (iii) Forestry (iv) Fishery Crop productionCrop production is in two…
Trade by Barter Trade by barter is the direct exchange of goods for goods, goods for services, or services for services. It was a system of exchange that was in use before the introduction of money. Problems of a trade by barter1) Problem of double – coincidence of wants: It was time-consuming and energy-sapping…
