The idea of effective time management is one that has left people with questions and confusion over the ages. Time as an invaluable tool is one that cannot be managed in the literal sense. It is a commodity whose usage cannot be handled, stored, or controlled like the others. The rising challenge …
Introduction Inflation is the persistent rise in the price of goods and services. This rise in price to the fall in the value of money. We can also view it as a situation whereby too much money pursues few goods in the same economy. This economic situation is within a given period …
What is Manufacturing Industry? To manufacture means to produce by the use of machinery, especially in large quantity. Manufacturing industry simply refers to the changing or transformation of raw materials into finished products in the factory. Firms which belong to the manufacturing industry are those which are involved in the making of …
Transportation Business in Nigeria is often seen as a lucrative business by many and this notion is the major reason why it is difficult to succeed in this business in Nigeria. I have tried delving into the transport business with a tricycle as well as a Mini bus (Ford Galaxy) but I …
Meaning of Inflation Inflation is a sustained increase in the overall level of prices and the continuous decrease in the purchasing power of money. This means that there is a persistent rise in the general prices of goods and services. For an economy to have inflation, then the prices of all the …
Money is a legal tender issued by the central bank and used for exchange of goods and services and this has been discussed in this article Money: Functions and Types. Here, we will learn the Value and Supply of Money, Demand for money, the Quantity theory of Money and Greshams law. Demand for …
The concept of money in Economics refers to any commodity or item or material that can be used as a means of exchange for goods and services. The Functions and forms of Money as discussed in economics will be explained. For money to be used as a means of exchange, it must …
The process of planning involves decision-making. The planner is faced with a situation where the decision making structure in form of power and authority, significantly influences his effectiveness. The power structure obviously influences the planners work. The methods he adopts, the channels he adopts in presentation of his proposals for adoption and …