CHAPTER ONE INTRODUCTION 1.0 BACKGROUND INFORMATION TO THE STUDY The study of profits is important not only because of the information it provides about the health of the economy in any given year‚ but also because profits are a key determinant of growth and employment in the medium-term. Changes in profitability are an important contributor to economic progress via the influence profits have on the investment and savings decisions of companies. This is because a rise in profits improves the cash
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Home ALLOCATION OF REVENUE (FEDERATION ACCOUNT‚ ETC.) ACT ARRANGEMENT OF SECTIONS SECTION 1. Distribution of the Federation Accounts‚ etc. 1 Formula for distribution between the Federal and State Governments. 1 Formula for distribution between Local Government Councils. 1 Proportion of revenue to be paid by each State to Joint Local Government Account. 1 Allocations under special Funds. 1 Establishment of Federation Account Allocation Committee and functions. 1 Establishment of Joint
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trend of inflation in Bangladesh. The factors contributed the most in the rise hike of essential items‚ particularly food‚ are slow growth in agriculture‚ rise in the world prices of food items‚ sharp depreciation of taka against US dollar and especially against the Indian rupee‚ and rise in the prices of diesel and kerosene. These causes affect our general people directly. As per capita GDP is not responding with inflation‚ purchasing power of people has shrunk drastically. Food inflation is causing
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COPYRIGHT PROTECTION IN NIGERIA You would recall that in my last article‚ I stated that there is no centralized system of registering copyright in Nigeria. I stated that a “work” which is the subject not the copyright need not be registered before it can be protected under the law. In the process of patenting an invention‚ I came across a process known as copyright notification and I think it is important that I share it with you (You are probably wondering what Patent registration has to do with
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The educational System of Nigeria OVERVIEW Education in Nigeria is the shared responsibility of the federal‚ state and local governments. The Federal Ministry of Education plays a dominant role in regulating the education sector‚ engaging in policy formation and ensuring quality control. However‚ the federal government is more directly involved with tertiary education than it is with school education‚ which is largely the responsibility of state (secondary) and local (primary) governments. The education
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policies in helping control inflation in the U.K Inflation is the general increase in the price level and results in the value of money falling. The government sets a target rate of inflation of 2%‚ measured by the consumer price index within a band 1% above and 1% below the target. Currently inflation is 2.6% and is inside the target rate even though the U.K economy is in a recession. Even though the monetary policy is used by the Bank of England to control inflation‚ supply side policies could
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| |Material | |[pic][pic]Current Location: Types of Inflation | |[ Top ] : [ Inflation ] : Types of Inflation | |[pic] |Definition | | |Inflation is an increase in the general level of prices over a stated period
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INTRODUCTION AND THESIS STATEMENT Inflation‚ as defined in the English dictionary‚ is “a persistent‚ substantial rise in the general level of prices related to an increase in the volume of money and resulting in the loss of value of currency‚ which is usually measured by the Consumer Price Index (CPI)”. In the context of market economy‚ prices are showing the application so it can be said that inflation is caused by a “mismatch” between aggregate demand and aggregate supply‚ signaling economic
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Just last month‚ a major summit was held at the United Nations headquarters to review the progress made by countries on the Millennium Development Goals MDGs‚ especially in view of the fact that 10 of the 15 years target set by the world body for attaining the target have just reeled by with the attendant skepticisms as to whether it is indeed realizable. 10 years after this noble initiative to improve the lot of mankind‚ the debate has continued on whether these impoverished countries‚ the primary
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Federal Reserve Bank of Cleveland Inflation‚ Banking‚ and Economic Growth by John H. Boyd and Bruce Champ B y now‚ everybody knows inflation is bad. Hyperinflations—when inflation rates are extremely high—are the horror stories‚ but few doubt the harmful effects of inflation rates in the teens either. Over the past several decades‚ central banks around the world have been pretty successful at dramatically lowering inflation rates. Can we now stop worrying about inflation? Probably not. There is good
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