by Sunday | Sep 29 | NABTEB QUESTIONS
The contribution of the agricultural sector towards economic development in Nigeria includes the follows: (i) Source of food supply: Agriculture provides food for the ever increasing population in Nigeria. (ii) Employment opportunities: The agricultural sector employs...
by Sunday | Sep 29 | NABTEB QUESTIONS
A country can correct deficit on its balance of payments using any or a combination of the following measures: (i) Tariffs: Increase in import duties and decrease in export duties may reduce importation and increase exportation respectively thus reducing the imbalance...
by Sunday | Sep 29 | NABTEB QUESTIONS
The theory of comparative advantage states that a country should concentrate on the production of the goods and services in which she has a greater comparative advantage over others.
by Sunday | Sep 29 | NABTEB QUESTIONS
The entrepreneur must consider certain locational factors with the overall interest of reducing unit cost of production. Such factors include: (i) Source of raw materials: if the raw material is heavy and its cost of transportation is very high, the entrepreneur may...
by Sunday | Sep 29 | NABTEB QUESTIONS
Economic effects of high population density in Nigeria (i) Pressure on land: High population density will make the demand for land for economy activities to outstrip the supply. (ii) Lower living standard: There is rapid increased in the demand for goods and services...
by Sunday | Sep 29 | NABTEB QUESTIONS
Under population is a situation where the people within the country are insufficient to fully utilize the available resources given the existing technology. OR Under population is the size of the population that is below the optimum. There is under population if an...
Land Law and the Consequences of Unauthorized Land Transfers in Nigeria
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