Economic Growth Economic growth is the increase in the amount of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product‚ or real GDP. Growth is usually calculated in real terms‚ i.e. inflation-adjusted terms‚ in order to obviate the distorting effect of inflation on the price of the goods produced. Economic growth typically refers to growth of potential output‚ i.e.‚ production at "full employment". It
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According to the International Program Center‚ U.S. Census Bureau‚ the total population of the World‚ projected to 03/27/08 at 19:37 GMT (EST+5) is 6‚657‚527‚872. (US Census Bureau) This rapid growth in population means little to most people living in this today’s world but it’s a phenomenon that should be a concern to all. It took from the start of human history to the industrial revolution around 1945 for the population to grow to 2 billion. If we then look at the figures after 1945 then we would
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POPULATION GROWTH The absence of virtually any reliable current demographic data has not prevented national and international bodies from generating estimates and projections of population and population growth in Nigeria. The World Bank estimate of Nigeria’s 1990 population was 119 million‚ with an estimated annual growth rate of 3.3 percent. Although other sources differed on the exact figure‚ virtually all sources agreed that the annual rate of population growth in the country had increased from
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market operations is worth stressing (CBN‚ 2004; Ezirim‚ 2005). Notwithstanding these and other roles performed by discount houses in a typical economy‚ the Nigerian money market operations are said to be sub-optimal in terms of engineering desired growth in the economy. The observed sub-optimality of the Nigerian money market is blamed‚ in part‚ on the poor performance of discount houses and other money market institutions. Discount houses‚ from the onset of their operations in the country‚ were expected
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Economic growth is considered as one of the most essential parts of the economics‚ and it is defined an increase of goods and services of a country within certain period (Acemoglu‚ 2012). Modis (2013) claimed that‚ this economic growth conception particularly relates to the growth of potential output and production which is measured by gross domestic product per capita (GDP). Economic growth ideology has a long history‚ though it has been existed since the mid-18th‚ economic growth has dominated
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Africa has been experiencing a constant growth rate in GDP‚ and therefore an increase in disposable income. As this area further develops‚ there is an increase in home sales as well. Both of these factors were key economic drivers mentioned previously that help to promote the pest elimination industry. For these reasons‚ Ecolab would benefit greatly from entering one of the countries shown in exhibit (MAP). These countries consist of Algeria‚ Egypt‚ and Nigeria. After careful analysis it is believed
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THE GROWTH OF ADR IN NIGERIA By Enenche Eleojo 1. INTRODUCTION As human beings‚ we are caught up daily in a complex web of social and commercial interactions. For as long as these interactions continue‚ interests are bound to clash. When interests clash or are in completion with the interest of others then we can say a dispute has arisen. For as long as humans exist there will be disputes. What makes the difference is how the disputes are resolved. Instinctively‚ once a dispute arises
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FINANCING CLIMATE CHANGE FOR ECONOMIC DEVELOPMENT (A CASE STUDY OF NIGERIA) Written By: ABORISADE OLUWASOGO OLANREWAJU SUBMITTED TO THE DEPARTMENT OF ACCOUNTING BANKING AND FINANCE OSUN STATE UNIVERSITY OSOGBO‚ OKUKU SUPERVISED BY: MR OLANREWAJU FATOKI ABSTRACT Climate change adaptation is increasingly becoming an area of growing interest and involvement for many developing countries that unfortunately bear the brunt of an overheating planet caused by developed or so called advanced
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www.ccsenet.org/ijef International Journal of Economics and Finance Vol. 4‚ No. 1; January 2012 Adopting Strategic Management Approach in the Capital Market Development: The Nigerian Case Augustine‚ UJUNWA‚ Ph.D (Corresponding author) Department of Banking and Finance‚ University of Nigeria‚ Enugu Campus Tel: 234-803-501-0116 E-mail: austinesilver@yahoo.com Nwanneka Judith‚ MODEBE Department of Banking and Finance‚ University of Nigeria‚ Enugu Campus Tel: 234-703-066-2470 Received: July 25‚ 2011
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concepts of sustainable development and the acquisition of progressively higher standards of living .Growth without development is being criticised as being an ephemeral and increasingly deceptive indicator of the actual state of the economy .Concepts like population growth which erode economic growth and education and health which enhance human capital accumulation are gaining a lot of importance and are being touted as being as essential to the development of an economy as the growth rate of its GDP
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