THE VALUE OF Money AND PURCHASING POWER

            THE VALUE OF MONEY Definition: The value of money is defined as the quantity of goods and services which a given amount of money can buy. In other words, the value of money refers to the purchasing power of money. When a certain amount of money can buy fewer goods and services, this will… Continue reading THE VALUE OF Money AND PURCHASING POWER

AGRICULTURAL FINANCE AND CREDIT

MEANING OF AGRICULTURAL FINANCE AND CREDIT Agricultural finance is defined as the act of acquisition and use of capital in agriculture. In other words, it deals with the supply of and demand for funds in the agricultural sector of the economy. IMPORTANCE OF AGRICULTURAL FINANCE (i) It enables farmers to meet seasonal and annual fluctuations… Continue reading AGRICULTURAL FINANCE AND CREDIT

scale of preference and its importance

scale of preference and its importance. the understanding of scale of preference to economics and reasons. how government makes plans using the scale of preference. planning is one of the major benefits of any organization. so to make plans for proper use of the scarce resources, the use of scale of preference it’s importance comes… Continue reading scale of preference and its importance

MEANING AND REASONS FOR BALANCED BUDGET

MEANING AND REASONS FOR BALANCED BUDGET A balance budget of a government is a budget with revenue equal to expenditure. In other words, balance budget occurs when the total estimated revenue of a government equal to the proposed expenditure.  Most economists have also agreed that interest rates, increase savings and investment, shrink trade deficits and… Continue reading MEANING AND REASONS FOR BALANCED BUDGET

types of tax, direct and indirect taxes

           TYPES OF TAX IN NIGERIA There are two major types of tax. These are direct tax and indirect tax. In this very post I am going give deep description of the meaning of direct and indirect tax payment and collection process in Nigeria If you have questions bordering on the issues of tax collection… Continue reading types of tax, direct and indirect taxes