At the end of this blog post you should be able to explain the meaning of economic development planning, differentiate between types of economic planning, explain the importance of economic planning in national development. READ ALSO – Branches of Economics, Advantages and Disadvantages Table Of Content Definition Of Economic Planning Economic planning may be defined […]
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In this blog post we are going to be looking at the different types of bank account in commerce, their features and difference between savings account and current account. TYPES OF BANK ACCOUNT 1. CURRENT ACCOUNT: Current account is usually open by businessmen and is required if a customer wish to make payment through Cheques.
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Hello, welcome to this class on public corporations. Table of Contents Read Also Meaning Of Public Corporation Definition: Public corporation also known as public Enterprise or statutory corporation, may be defined as a large scale business organization set up, owned and finance by the government of a country mainly to provide services to the members
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In this hall we are going to be looking at commercial Banks, meaning, characteristics and functions of commercial Banks. COMMERCIAL BANKS Commercial banks are financial institutions which accept deposits and other valuables from the public for safekeeping with the sole aim of making profit. They are owned by private individuals, institutions or governments. Commercial banks
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Hello welcome to this blog post on water Transport. in this post we are going to be looking at the meaning, types of water transport, advantages and disadvantages. READ ALSO – Advantages and disadvantages of road transport Table of Contents WATER TRANSPORT Meaning: Water transport is the means of the conveying goods and people from
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You are welcome to this class on Introduction to Business management. We are going to be looking at the meaning and functions of management. Meaning Of Management Management is the process of setting organizational goals, deciding what actions and Resources must contribute to meeting goals and then co-ordinating, building and encouraging the co-operative work of
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in this blog post, we are going to be looking at the meaning and Importance communication in commerce. Meaning and importance of Communication Meaning: Communication is the process of exchange or transmission of meaningful information, feelings, opinions and ideas from one person to another or from one place to another. It is a two-way process
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Economics is a social science that studies how individuals, businesses, and governments allocate scarce resources to satisfy human wants. The branches of economics help to simplify this broad subject by dividing it into specific areas of study, making it easier to understand economic activities, decision-making processes, and real-life economic problems. By learning the branches of
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Economics is a social science that studies how individuals and societies make decisions in the face of limited resources. The basic concepts of economics, wants, scarcity, choice, and cost, explain why people cannot have everything they desire and must make careful decisions about how resources are used. Human wants are unlimited, while resources are scarce,
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Hello, welcome to this class on Introduction to Business management. Table Of Contents Read Also Meaning Of Business Management Business can be defined as a some total of all economic activities which people engage into create, procure or provide desired goods and services to the consumers in proper competitions at suitable times and at satisfactory
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Hello welcome to this class on the topic: Money Market: Here we will take a look at the definition of money market, instruments used in the money market and advantages. Table Of Contents MONEY MARKET Definition: Money market can be defined as a market for short-term loan. The market consists of institutions or individuals who
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Title: Advantages Of Capital Market Discover in this hall as we look at Capital Market: The definition of Capital market, the instrument used in the capital market, institutions involved in the capital market and advantages of Capital market in economics. See Also Money Market, meaning, Instruments used and advantages Table Of Contents CAPITAL MARKET The
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Indigenization has remained a widely debated policy tool in the economic development of many nations, especially in Nigeria, Africa and other developing regions. As countries seek to strengthen local ownership and reduce foreign dominance in key sectors, it becomes important to assess both the benefits and potential drawbacks of such a policy. In this discussion,
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Hi, welcome to this blog on the topic: Forms of Transport. Table Of Contents There are four major forms of Transport mainly Land, water, air, rail and pipeline. TRANSPORTATION BY LAND Transport by land is one of the forms of transport for conveying goods and passengers from one place to another through land. This means
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Hello, welcome to this hall on The topic: FUNCTIONS OF TRADE ASSOCIATIONS Table Of Contents The Meaning Of Trade Association Trade Association is an Association of traders or producers engaged in the same line of trade, whose major aim is to project and safeguard the interest of their members as well as their businesses. It
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In this article, I will be writing on Introduction to Marketing: Meaning, types of market, Market segmentation, types of utility, also the importance And functions of marketing. Contents Introduction To Marketing Definition of Marketing: Marketing consists of the performance of business activities that direct the flow of goods and services from the producer to the
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Hi, welcome to this hall on the consumer protection agencies in Nigeria. Table Of Contents In Nigeria most especially we have various agencies responsible for consumers protection. Here are the agencies responsible for consumers protection in Nigeria: List Of Consumer Protection Agencies in Nigeria Consumer Association: Consumer Associations is one of the Consumer Protection Agencies
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In many countries, governments intervene in the economy to regulate key industries and protect public interests. One of the ways they do this is through nationalisation, where private enterprises or resources are brought under state control. This step is often taken to address economic imbalances, control strategic sectors, or ensure that essential services reach all
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Hello you are welcome to this blog post on chamber of Commerce. In this blog you’ll be learning the meaning, types or examples, aims and functions of chambers of Commerce. MEANING OF CHAMBER OF COMMERCE Chamber of commerce is an Association of merchants, manufacturers and business men from different commercial fields or various line of
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In this blog post I will be writing on the types of insurance, importance, meaning and benefits of insurance. Table of Contents At the end of this article, students should be able to know the following: Meaning Of Insurance Insurance can be defined as an agreement whereby one party promise to indemnify or pay another
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