by Sunday | Sep 30 | NABTEB QUESTIONS
The main types of account with a commercial bank: i. Savings account: It is an account operates with a pass-book. A little amount of money is required to open a savings account it earns monthly interest. The account is popular among low income earners. ii. Current...
by Sunday | Sep 30 | NABTEB QUESTIONS
A capital market is a market for medium and long term loans and investments
by Sunday | Sep 30 | NABTEB QUESTIONS
The law of comparative advantage states that a country should concentrate on the production of the goods and services in which she has a higher comparative advantage over others.
by Sunday | Sep 30 | NABTEB QUESTIONS
The advantages of specialization are: i. Increase in output ii. Increase in the skill of labour iii. It reduces fatigue iv. Specialization saves time v. Specialization eventually makes labour to become a specialist in the chosen field vi. Production is standardized:...
by Sunday | Sep 30 | NABTEB QUESTIONS
Division of labour is the breaking down of the production process into distinct operations with each operation being handled by different people or a group of people whereas specialization is the concentration of labour on a particular economic activity.
by Sunday | Sep 30 | NABTEB QUESTIONS
The ways by which the power of the monopolist can be controlled: i. Encouragement of competitors by the government ii. Nationalization iii. Price control iv. Enactment of laws setting standards for the monopolist and making mergers illegal v. Imposition of higher...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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