ECO 162 Microeconomics Title : Minimum wage will cause unemployment‚ inflation‚ say employers‚ economists Group: JBM1123u Group Members: Muhammad Asyraff bin Ab Hamid 2010357469 : Mohamad Lukman bin Abd. Manaf 2010114997 : Muhammad Faiz bin Mustafa 2010504183 Lecturer: Miss Diana binti Mazan Executive Summary Minimum wage policy will lead to surging unemployment‚ “black market” labour and inflationary pressure
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Located in West Africa and bordering the Atlantic‚ Nigeria is a big country that occupies 356‚667 square miles with a total population of 168 million. Nigeria is abundant in natural resources like coal‚ gold‚ lead‚ iron‚ salt‚ copper‚ and zinc‚ but it is best known as a big producer of oil. Thanks to its size‚ population‚ and resources‚ Nigeria is dubbed as “the giant of Africa” (Falola‚ 4). According to World Bank Data of 2010‚ Nigeria has an annual percentage growth rate as 8.0%‚ one of the world’s
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(b) Assess how monetary policy can be used to maintain a target of low inflation and currency stability in emerging markets? According to Jahan (2012)‚ monetary policy is the manner where the monetary authority uses to control the supply of the currency. The monetary policy objective of controlling the interest rate also takes an important role when government and monetary authority are dealing with the inflation (Shen‚ 2013‚ pp.199). The monetary authority usually is central bank with a certain
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CAUSES OF BANK DISTRESS AND RESOLUTION OPTIONS IN NIGERIA. INTRODUCTION A meaningful analysis of causes of bank distress and the options for resolution would probably need to be preceded by a brief discussion of the roles of banks in an economy. Bank’s role in any financial system is quintessentially financial intermediation. In this regard‚ bank’s mobilize financial resources from surplus economic units for on lending to the deficit units. In mobilizing deposits‚ banks issue demandable claims
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drought‚ output and inflation understanding the nature and Causes of food inflation Ramesh Chand The main reason for the current surge in food prices is the supply shock due to the drought in 2009 and the carry-over effect of the low growth of food production in 2008-09. As the frequency of such shocks is expected to rise‚ India needs to have an effective food management strategy to deal with these episodes. It also needs to explore various other options for price stabilisation like maintaining
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The Nigerian economy is most definitely a structured political economy similar to that of the United States. The term political economy examines the relationship between politics and economics in modern societies. Specifically‚ this relationship consists of a key alliance between the government and the economy which are manipulated by the capitalist class in order to serve all of their own interests. The capitalist class however can be further broken down into a ruling class that holds the greatest
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PERSONNEL MANAGEMENT FACULTY OF BUSINESS ADMINISTRATION‚ UNIVERSITY OF LAGOS‚ LAGOS ‚ NIGERIA. ABSTRACT This paper examines causes of unemployment in Nigeria as well as the consequences and implications of graduate unemployment in Nigeria. The paper also provides useful suggestion and recommendations on how to curb graduate in Nigeria. The paper adopts empirical analysis to examine the causes of unemployment in Nigeria. The data used in this study is of two type primary and secondary data. However‚ for
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Unit 6 - Inflation & Economic Growth Inflation As prices for goods and services that we consume increase‚ inflation is the result. The inflation rate is used to measure the rate of change in the overall price level of goods and services that we typically consume. While inflation is a regular annual occurrence in modern economic systems‚ it only becomes a policy concern when reaching unacceptably high levels. As we shall see‚ many modern economic policymakers have developed a short fuse for
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balance. When viewed at the points need to be noted as far as Pakistan’s backdrop of inhospitable external environment growth performance is concerned. Firstly‚ when and uncertain geo-political situation Pakistan’s compared with major economies of different parts growth performance has been impressive in 2002- of the world‚ Pakistan’s growth performance has 03. This year has witnessed major corporate been impressive. Secondly‚ in a subdued global scandals and bankruptcies
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and Built Environment An Examination of the causes and effects of Building Collapse in Nigeria Vol. 9‚ December 2011‚ pp. 37–47 AN EXAMINATION OF THE CAUSES AND EFFECTS OF BUILDING COLLAPSE IN NIGERIA Oke Ayodeji Department of Quantity Surveying‚ Federal University of Technology‚ Akure 234034 Ondo State Nigeria Corresponding Author: emayok@gmail.com Abstract The research investigated the causes and consequence of building collapse in Nigeria using historical data from 1974 to 2006 and
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