This article is a continuation of Introduction to Public Debt (Part 01) With the high level of surging public debts the discussions about defaults are rising …
Public debt indicates the amount of outstanding debt instruments that are issued by the government anytime during the past but not yet repaid. (Seater, 2008) …
Foodflation has become a buzz in the world economy and said to have major impact on developing nations. What is this foodflation? What is happening to world …
Entrepreneurship is defined as the process of making money, earning profits and increasing the wealth while posing characteristics such as risk taking, …
Consumer Surplus is defined as the difference between the price a customer is willing to pay for a product and the price that he actually ends up paying. When …
In broad terms Goods and services are can be defined as any product that can satisfy human needs and wants. Even thought there are differences between goods …
Use of National Income Data As a measurement of standard of living of people- The GNP and GDP statistics are used to measure the standard of living where a …
National income (Y) is defined as the total level of output of the economy. There are 03 approaches for measuring national income and they are as follows: …
National Income (Y) is an the total level of activity of given economy in a particular period. In other words national income measures the total level …
A firm needs to identify its potential market, locate adequate and available sources of supplies of raw materials and labor, raise initial amount of capital, …