The contribution of the agricultural sector towards economic development in Nigeria includes the follows: (i) Source of food supply: Agriculture…
A country can correct deficit on its balance of payments using any or a combination of the following measures: (i)…
The theory of comparative advantage states that a country should concentrate on the production of the goods and services in…
Industrialization In Nigeria plays major roles towards economic development. Such roles include the following: (i) Economic growth: Industrialization increase the…
The entrepreneur must consider certain locational factors with the overall interest of reducing unit cost of production. Such factors include:…
Economic effects of high population density in Nigeria (i) Pressure on land: High population density will make the demand for…
Under population is a situation where the people within the country are insufficient to fully utilize the available resources given…
The private limited company and the public limited company are similar in certain aspects while they are different in some…
Government expenditure in Nigeria had been increasing year in year out for the following reasons. (i) Population growth: the need…
Public expenditure can be classified into two headings namely, Recurrent expenditure and Capital expenditure. Recurrent Expenditure: These are the expenses…