NIGERIAN ECONOMY/GDP AND PRODUCTION Nigeria recorded a Current Account surplus of 11. 60 percent of the country’s Gross Domestic Product in 2011. Current Account to GDP in Nigeria is reported by the African Economic Outlook. Historically, from 1980 until 2011, Nigeria Current Account to GDP averaged 1. 2 Percent reaching an all time high of 37. 9 Percent in December of 2008 and a record […]

1 . Why is the assumption of land as a homogeneous factor of production no longer considered tenable? In classical economics, land along with labor and capital are considered as one of the factors of production. Land is often regarded as the original factor of production because it is found in nature and therefore not produces and cannot be derived from anything else. As a […]

This report reviews the foreign exchange exposure of Reject due to the future development plans and growth of the low cost airline company, this report also highlights the various risks Reject, faces in operating in different countries identifying, measuring, and managing the various foreign exchange exposures that might be faced by Reject. However, some of these issues will be analyses differently. Foreign Exchange Exposure: According […]

Labor Market Policies Labor market policies; are microeconomic policies that influence operations and outcomes in the labor market including industrial relations policies that regulate the process of wage determination as well as training, education and Job placement programs to assist the unemployed. The role of national and state systems Australia’s industrial Relations system is governed by the “Fair work Act 2009” a unified national system […]

Contemporary political economies are mixtures of fascism, socialism, capitalism, anarchism, etc. Most of them stress aspects of certain systems more than those of others but in each one will find a mixture. Recent largely fascist systems are those of Mussolini’s Italy, Peron’s Argentina, Hitler’s Third Reich, Chavez’ Venezuela, and several of recent Middle Eastern regimes (e. g. , Libya), Egypt, et al. So called communist […]

Among the many different factors influencing the way real estate in developed, transacted and used in India, there are five big major emerging trends that have both real-time and  long-term significance: 1. Co-working spaces finding favor with independent consultants, freelancers With the growing startup ecosystem across India and the central government creating an enabling environment for entrepreneurship, demand for office spaces matching such firms’ requirements […]

EMH or Efficient Market Hypothesis has been accepted as one of the foundations of financial economics, in fact, Fama first marked out the concept “efficient market” in financial literature in 1965. Fama stated it as one which safety values completely expose all accessible information. The market could be considered as efficient if the results of market values to new information are instant and impartial. EMH […]

NEOCLASSICAL ECONOMICS Neoclassical is the most widely taught form of economics in the present world, making it to be the primary take on modern day economics. In a nutshell, neoclassical economics makes an approach to economics that relates supply and demand to an individual’s rationality and his or her ability to maximize utility or profit. Neoclassical economic has also increased the use of mathematical equations […]

Question 1 Find the UK house price changes 1997-2008 and present the data on an appropriate graph.                         Source 🙁 office of national statistics) 1(a) explain clearly whether the data is primary or secondary (define these terms)             The data used in developing the above graph is secondary since the data has been collected from journal published by office of national statistics. Primary data is […]

Master of business Administration (MBA) is the most popular of the Masters degree offered by universities the world over. This degree basically tries to bridge the knowledge gap created by the specialization in various fields e. g. engineering, health and accountancy. Graduates in these specialist areas may not have adequate knowledge in other areas of the organization apart from their specialties hence may not manage […]