Economic development is the increase in the standard of living in a nation’s population with sustained growth from a simple‚ low-income economy to a modern‚ high-income economy.[1][2] Also‚ if the local quality of life could be improved‚ economic development would be enhanced.[3] Its scope includes the process and policies by which a nation improves the economic‚ political‚ and social well-being of its people. Economic growth is the increase of per capita gross domestic product (GDP) or other measure
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Role of Financial Institutions in Economy’s Development of Pakistan The importance of Financial Institutions (FIs) cannot be overemphasized. Financial Institutions perform the important function between providers of investable funds (depositors‚ securities holders etc.) and the users of such funds (namely businesses). Any economy can’t progress without its financial sector facilitates its business activities consistently‚ and in the case of a developing country like Pakistan‚ these FIs act as a necessary
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I. Introduction: The development of a modern society depends to a large extent on the nature and standard of higher education. Thus the role of higher education is to prepare competent‚ knowledgeable and far-sighted people for assuming various higher responsibilities. The growing importance of knowledge in the modern world can hardly be overemphasized‚ especially in the era of globalization and in a global environment which is fiercely competitive. Particularly‚ higher education has enormous
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C17B- SERVICE MARKETING * Explain the role of service industry in economic development of a nation Service sector is the lifeline for the social economic growth of a country. It is today the largest and fastest growing sector globally contributing more to the global output and employing more people than any other sector. The real reason for the growth of the service sector is due to the increase in urbanization‚ privatization and more demand for intermediate and final consumer services
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creations of modern society. Its primary task is to move funds from surplus economic units to deficit economic units spenders to produce goods and services and to make investments in new equipments and facilities so as to facilitate the growth of the economy and improve the standard of living of its citizens. It is generally recognized that a financial system and its components play a catalytic role in the process of economic development. As the economy grows‚ the financial system becomes increasingly more
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Economic development Economic development is the development of standard of living of humans. Development in infrastructure‚ health‚ industry‚ education‚ and financial institutions are parts of economic development. Average income of a person‚ life expectancy at birth‚ literacy rate‚ etc. are measurements of economic development. In order to increase the standard of living infrastructure facilities should be developed. Developments in roads‚ irrigation systems are a part of economic development
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system would act as a hindrance to economic development. Thus‚ the single most significant complex of social-control tools for national development is found in the educational system; be it formal or informal. (Uwadia ‚ 2010). It is also accepted that the development of any nation depends largely on the development of the human population in that nation which can majorly be improved through education. Smith (1937) stressed the significance of education in human capital formation. Therefore it follows
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THE ROLE OF THE MILITARY IN NIGERIA POLITICS BY IRABOR IKECHUKWU EMMANUEL. MPA 822. THIS IS SUBMITTED TO THE DEPARTMENT OF POLITICAL SCIENCE AND PUBLIC ADMINISTRATION IN PARTIAL FUFILLMENT OF THE AWARD OF DEGREE OF MASTERS IN PUBLIC ADMINISTRATION (MPA). UNIVERSITY OF BENIN. LECTURER DR EBOHON JANUARY‚ 2012 INTRODUCTION The role of the military in Nigeria politics cannot be over looked. We are going to analyse this issue from 1966-1979‚ 1983-1999 and their role in present
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EFFICIENCY OF RESOURCE USE IN SMALLHOLDER DAIRY FARMS IN WESTERN KENYA J. I. MOSE1‚ G. AMUSALA1‚ P. NYANGWESO1 ‚ & C. O. KENYANITO2 1. Moi University Department of Economics and Agricultural Resource Management‚ P.O. Box 3900-30100 Eldoret‚ Kenya. 2. Bukura Agricultural College‚ P.O. Box 23‚ Bukura‚ Kenya Corresponding author: mosejared@yahoo.com ABSTRACT This study was motivated by the need to find out whether farmers could increase their milk production through
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Hospital Recruitment International Ltd ® HRI Ltd Newsletter ® Hospital Recruitment International Ltd autumn edition 2010 Good day jobseekers. What an exciting year 2010 has been so far! The UK had a general election earlier this year but have we voted in a new majority government? Well‚ no. For the first time in more than 35 years we have a coalition government in power‚ which is made up of the Conservatives and the Liberal Democrats. They have wasted no time putting together a new
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