Economics

Economics is the study of the production, distribution, and consumption of goods and services. The term economics comes from the Greek for oikos (house) and nomos (custom or law), hence “rules of the house(hold).”A Lionel Robbins in his 1932 essay: “the science which studies human behaviour as a relationship between ends and scarce means which have alternative uses.” Scarcity means that available resources are insufficient to satisfy all wants and needs.

Inflation Targeting

In order to achieve price stability in New Zealand, the monetary policy Inflation Targeting was adopted in 1990. With the growth and success of this new strategy, Canada, the United Kingdom, Sweden, Spain and many other counties followed suit in …

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Nigeria’s Private Sector

Teacher’s Summary: In this essay a student delves into the complexities of Nigeria’s private sector, revealing the intertwined relationships between public and private interests. Through interviews, research, and personal reflections, the student uncovers the realities of privatization, government contracts, and …

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recession in india

Global Recession has brought magnanimous amount of grief and anxiety to all workers all over the world. It has severely affected the lifestyles and the living conditions of people worldwide. Business closing down, great retrenchment and staggering percentage of unemployment …

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Free Public Transportation

Editor’s Summary: This essay explores the feasibility and potential impacts of implementing free public transportation systems. By analyzing environmental, social, and economic benefits, as well as the challenges of funding and infrastructure, the study aims to provide a comprehensive understanding …

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