Say It! Do It!
INTRODUCTION It is a science which studies human behaviour as a relationship between ends and scarce means which have alternative uses. Human wants are insatiable. They are endless. There are four essential economic activities which are resource maintenance, the production, distribution, and…
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Theory Of Production Production: term refers to the processes during which some material thing is physically converted into something more useful – which can be consumed as a final product or used for processing of other products. Generally, production is the transformation…
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Markets with Asymmetric information What happens when some parties in the market have more info (about a product) than others? The market is an efficient allocator, in a competitive market, when the consumer and producer have perfect information about the possible exchange….
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Macroeconomics Macroeconomics deals with the aggregate behavior of all individuals in an economy. It is the study of the behavior an economy at the aggregate level. It is not the study of the level of a specific subgroups or individuals (which is…
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Economic growth Economic growth has been defined as the quantitative increase in the volume of goods and services in the economy overtime. It is a positive change in the level of production of goods and services by a country over a certain…
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A job ravenously while Far much that one rank beheld after outside….
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Regional integration (economic integration) Regional integration (economic integration) refers to the cooperation of countries – usually geographically close to each other – with the aim of enjoying economic benefits that accrue from trade, tourism and investment. Regional integration helps to create bigger…
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Taxation Taxation is the most important source of revenue for the government. Taxation is the simply the act of levying taxes. A tax is a compulsory charge or payment imposed by government on individuals or corporations/businesses. The individuals or entities which are…
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Inflation Inflation refers to the continuous rise in the general price level in the economy. It is not just persistent rise in the price level of one commodity. Inflation is a sustained increase in the average price level of a country. The…
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