by Sunday | Sep 29 | NABTEB QUESTIONS
Money is a generally acceptable means of making payments for goods and services and for settling debts. Acceptability can arise through mutual agreement, custom or law.
by Sunday | Sep 29 | NABTEB QUESTIONS
The factors that can lead to economic development in any economy are: i. Embarking on manpower training programmes through greater emphasis on science and technology in the educational system. ii. Realistic economic planning coupled with effective implementation...
by Sunday | Sep 29 | NABTEB QUESTIONS
Economic growth refers to a sustained increase in the output of goods and services while economic development involves positive transformation of the economic sectors leading to increased output of goods and services with an overall improvement in the living standards...
by Sunday | Sep 29 | NABTEB QUESTIONS
The functions of price system are: I. Allocation of resources: the price system rations out scarce resources among competing entrepreneur/economic activities II. Determination of production: it determines what to produce, what quantity to produce, how to produce and...
by Sunday | Sep 29 | NABTEB QUESTIONS
Price mechanism is the process of determining the prices of goods and services through the interaction of the forces of demand and supply.
by Sunday | Sep 29 | NABTEB QUESTIONS
The weapons of trade union are: I. Collective bargaining involving negotiations between the trade union and management II. Threats of strike notifying management of an impending strike action III. Actual strike: this implies total withdrawal of labour services by...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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