The manager of Quality Parts Company has been contemplating installing an automated ordering system to help control inventories and to "keep the skids filled." (She feels that two days of work in front of a workstation motivates the worker to produce at top speed.) She is also planning to add three inspectors to clean up the quality problem. Further, she is thinking about setting up a rework line to speed repairs. Although she is pleased with the high utilization of most of her equipment and ...
The article Digital Technology and Institutional Change from the Gilded Age to Modern Times: The Impact of the Telegraph and the Internet describes the difficulties that exist when trying to create an accurate economic model showing responses to new, economy changing, technologies. The author Ronnie Phillips mainly focuses on institutional economics and, by showing the history of other technological advances, the need for institutional analysis. He explains how the challenge is to explain soc...
EVOLUTION OF MICROECONOMICS Microeconomics is the study of the behaviour of individuals and small impacting organisations in making decisions on the allocation of limited resources. The modern field of microeconomics arose as an effort of neoclassical economics school of thought to put economic ideas into mathematical mode.
Abstract This paper analyses Nigeria’s poverty alleviation strategies since 1960. There is an indication that despite attempts at curbing poverty through poverty alleviation strategies, Nigeria’s poverty level continues to increase in a worrisome dimension with poverty remaining a hydra-headed monster. The failure of these strategies to reduce Nigeria’s poverty burden has been attributed to several factors including corruption, the multiplicity of programmes which lead to overlapping fu...
INTRODUCTION Nigeria is a West African economy with a long coastline along the Atlantic Ocean. The country shares international borders with Benin, Chad, Cameroon and Niger. Nigeria ranks 32 in the world in terms of total area. The terrain of the country consists of southern lowlands and plateaus in the central region. The south east region has a mountainous surface, while the north consists of plains. According to the 2009 estimates, the country has a total population in excess of 154 mi...
Nigeria’s economy is in crisis. The naira has fallen over 50% in the last year alone. Oil revenues, the mainstay of Nigeria’s foreign earnings are at their lowest in the last two decades. Buhari did not create this situation – but he is Nigeria’s president, and it is his duty to fix it. Nigerians recognize that the missteps and actions of past governments are largely responsible for the current economic crisis but soon, they will stop looking backward and start asking harder question...
AbstractThe study examines the impact of agriculture on economic growth in Nigeria from 1980 to 2014. Agriculture played a dominant role in the economic growth of the country, providing employment opportunity, raw materials for industries and providing foreign exchange earnings for the country. Though little emphasis was placed on agricultural productivity in the advent of crude oil, the impact of agriculture on economic growth has been significant. The study therefore examines some policy pr...
ABSTRACT This paper investigates the impact of global powers on the performance of the Nigerian economy ‘between’ 1970-2014 through the application of simple Annual Average Growth Rate (AAGR) technique. The comparative analysis of growth of key sectors of the Nigerian economy (agriculture, petroleum, manufacturing, solid minerals, transport and communication sectors) between Pre-globalization (Pre-SAP;1962-1985) and Post-globalization periods (Post-SAP;1986-2014). The study reveals that ...
INTRODUCTION Objective of business may be different but their basic business activity is the same. They all produce or buy and sell goods and services that are in demand. Demand is in fact the basic of all productive activities. Just as necessity is the mother of invention, demand is the mother of production. Increasing demand for a product offers a high business prospects in future and decreasing demand for a product reduces the business prospect for example increasing demand of computer...
PREFACE This research work is to identify the unemployment in our society. The work is divided into seven chapter. This tries to state the problems encountered in unemployment. And details of material gathered for this research work. Major problems of unemployment. This includes the major problems on individual and the society. And it also involves the consequence on of unemployment in society and recommendation for solving the problem. TABLE OF CONTENTS CHAPTER ONE Introdu...
INTRODUCTION A "fund of funds" (FOF) is an investment strategy of holding a portfolio of other investment funds rather than investing directly in stocks, bonds or other securities. This type of investing is often referred to as multi-manager investment. A fund of funds may be 'fettered', meaning that it invests only in funds managed by the same investment company, or 'unfettered', meaning that it can invest in external funds. There are different types of 'fund of funds', each investing in a d...
A student research submitted in my 3rd year. Talks about my personal observation on land disputes.
ABSTRACT This paper examines the dynamic relationship between inflation and exchange rate volatility in Nigeria for the period 1970 to 2010 using Johansen Cointegration Technique. GARCH and ARCH (1,1) technique was employed to analyse the Volatility in Exchange Rate, and it was observed that the Exchange Rate was volatile over the study period. Augmented Dickey-Fuller was employed to determine the order of integration, and it was observed that the variables exhibited stochastic trend. Johanse...
INTRODUCTION 1.1 PREAMBLE Nigeria is a leading oil producing country in Africa; she is the second longest producer of oil after Libya, while she ranks as the eight leading produce in the world. Since Nigeria’s first export of crude oil in 1959 the community has became the centre price of the country’s foreign exchange. Nigeria has become heavily dependent on her oil revenue to the neglect of her agricultural sector, which preciously was the main stay of the country’s economy. Before Nig...