The Impact of Small Scale Business on the Nigerian Economy Small Scale Businesses contribute immensely to the growth and development of the Nigerian economy. Some of these impacts are felt in the following areas: Increase in the nation’s Gross domestic product and Gross national product 1. Increase in Gross Domestic Product and Gross National Product The Gross National Product (GNP) is the total dollar value of all final goods and services produced for consumption in society during a particular
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The Economic Impact of the President’s 2013 Budget April 2012 CONGRESS OF THE UNITED STATES Contents Overview How the Government’s Fiscal Policies Can Affect the Economy Fiscal Policies and Output in the Short Run Fiscal Policies and Output in the Long Run How the President’s Budgetary Proposals Would Affect the Economy Effects on the Economy Through 2017 Effects on the Economy After 2017 Economic Models and Results Estimated Economic Effects and Their Budgetary Implications Through 2017
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The Global Economy and its impact To talk about the economy‚ I want to introduce the political factor of economy in the world‚ it is one of the most important part of global economy. There are many It is based on economies of all of the world’s countries‚ national economies. Also global economy can be seen as the economy of global society and national economies – as economies of local societies‚ making the global one. It can be evaluated in various kind of ways. For instance‚ depending
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telephone lines or the Global System of Mobile Communications (GSM). Communication without doubt is a major driver of any economy. Emerging trends in socio-economic growth shows a high premium being placed on information and communication technology (ICT) by homes‚ organizations‚ and nations. Nigeria is not left out in this race for rapid development as the nation’s economy has been subjected to years of economic reversal via mismanagement and bad leadership. The Nigerian telecommunications sector
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THE IMPACT OF TECHNOLOGY ON MARKETING IN NIGERIA BY EMMANUEL OMOBHUDE IRABOR COMPUTERS AUCHI ABSTRACT With a few exceptions‚ available literature tends to uphold the view that technology has become a universally relevant concept in every business organization. Some argue that a consistent and positive relationship exists between Marketing and Technology. This paper therefore‚ proposes that with its effects on marketing‚ organizations and practitioner can create a symbiotic
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ROLE OF NAFDAC IN AIRFREIGHTING IN NIGERIA PRESENTED BY PROFESSOR DORA N. AKUNYILI (OFR) DIRECTOR-GENERAL (NAFDAC) AT A ONE-DAY SEMINAR ON OPTIMISING OPPORTUNITIES FOR AIRFREIGHT IN NIGERIA ORGANISED BY NIGERIAN SHIPPERS’ COUNCIL 24TH AUGUST 2006 INTRODUCTION: It gives me great pleasure to be invited to present a paper at this one day sensitization seminar with Theme Optimizing opportunities in the Airfreight industry‚ organized by the Nigerian Shippers Council for importers/exporters‚ operators
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4.2 MAJOR CONTRIBUTIONS OF MINERALS TO THE ECONOMY IN NIGERIA Mineral resources contribute majorly to the Nigerian economy in d following ways; 1) Sources of raw material for allied industries As we can see from the minerals highlighted above‚ minerals are major source of raw materials in industries e. g gold used for jewelries‚ limestone for cement‚ and so on. Organic deposits like coal and petroleum products like natural gas are used in powering machines in the industries. The raw materials
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IMPACT OF GOVERNMENT POLICY ON ECONOMY A. INTRODUCTION Generally‚ policies and strategies of Nigerian government towards development are shaped by two principal objectives of desire for economic independence and the demand for economic development. Multi national corporations are expected to bring into Nigeria‚ foreign capital in the form of technical skills‚ entrepreneurship‚ technology and investment fund to boost economic activities thereby‚ rising the standard of living of Nigerian. This can
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* Impact of external environment on Business* For success in the present world‚ one need to consider not only the internal environment of the company consisting of its resources and employees‚ but also needs to consider the external factors. These aspects cannot be stopped but one can adjust accordingly as per the changes in the economical‚ social or political pressures. These are the external factors which consist of: • Opponents or competitors • The changing economic structure • Impact of the
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Impacts of Globalization on an Economy: Globalization is a phenomenon‚ which demonstrates a significant growth in the overall international trade of goods‚ services and other financial assets as observed in an economy. Globalization also commonly refers to a situation where in one country highly interacts with other countries or economies via trade‚ competition or investments. In such situations any change taking place in one economy and lead to significant impacts and changes in the economies
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