by Sunday | Sep 29 | NABTEB QUESTIONS
The private limited company and the public limited company are similar in certain aspects while they are different in some others. SIMILARITIES 1. LEGAL ENTITY: The private limited company and the public limited company both have a separate legal entity. 2. LIMITED...
by Sunday | Sep 29 | NABTEB QUESTIONS
Government expenditure in Nigeria had been increasing year in year out for the following reasons. (i) Population growth: the need to provide more social amenities such as schools, hospitals, electricity, and roads for the rapidly increasing population had led to...
by Sunday | Sep 29 | NABTEB QUESTIONS
Public expenditure can be classified into two headings namely, Recurrent expenditure and Capital expenditure. Recurrent Expenditure: These are the expenses on running costs which are repeated every year. Expenses on payment of wages and salaries, maintenance of...
by Sunday | Sep 29 | NABTEB QUESTIONS
The advantages derivable from the study of Economics include the following: (i) The study of Economics enables individuals to understand the basic economic Concepts and problems thereby helping to take rational economic decisions such as production, consumption,...
by Sunday | Sep 29 | NABTEB QUESTIONS
Renowned authorities such as Adam Smith, J.S Mill, Alfred Marshall among others had defined Economics in different ways. The most widely acceptable definition of Economics is that of Professor Robbins stated below: Economics is the science which studies human...
by Sunday | Sep 28 | NABTEB QUESTIONS
(i) Legal environment: The business has to operate bearing in mind that the legal provisions such as decrees, rules and regulations, that affect its operations are to be obeyed. (ii) Political environment: Government policies determine business practices and...