characteristics of Economic Development A country or a society’s economic development is usually associated with rising incomes and related increases in consumption‚ savings‚ and investment. Surely‚ there is far more to economic development than income growth; for if income distribution is profoundly swerved‚ growth may not be conducted by much progress towards the aims that are usually connected with economic development. But what other characteristics are linked with economic development? Low
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weak‚ helpless and ignorant at birth. But he gradually grows and develops. He acquires knowledge and skills. He realizes thoughts into actions and satisfies his needs. He changes his behavior according to his environment. Such changes‚ growth and development of the individual are his education This is the result of his learning and maturation. Learning is living. Learning is the modification of behavior. Thus education is the process by which the knowledge‚ character and behavior of an individual are
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The age and sex distribution of the population of Nigeria by the 1991 census is as shown in Table 1.3.2. The data Show a high proportion of children in the population. Those under 15 years of age constituted about 45 per cent of the total population. The proportion of aged persons (60 years and above) in the population constituted only 3.3 per cent. The age structure of the population‚ according to the 1991 census‚ shows a very broad-based pyramid‚ reflecting the large proportion of children and
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Oluwole Aluko-Olokun The role of Justice in the History and Development of Economic Thought: A Precursor to Classical Economics Economic thought‚ here regarded as the approach‚ methods‚ and principles by which economic considerations and decisions are viewed and made‚ has developed over centuries into what it is today. Although there is not one central and unified approach to the application of economic thought in making considerations and decisions‚ there are various individuals who over
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Chemistry in the kitchen Teacher’s guidelines Lorena Payà Vayà Llicència C Curs 2007/2008 Index Unit 1. Can we do chemistry in the kitchen? 1.1. Strawberry smoothie. 1.2. Laboratory vs. Kitchen. 1.3. Safety in lab and in the kitchen. 1.4. Cutting onions or a scientific investigation. 3 Unit 2. How do we measure in the kitchen? 2.1. How do we measure the quantity of each ingredient in our cooking? 2.2. An Old Scottish Recipe or how to convert units. 2.3. Does one kilo of sugar
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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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country needs the services of financial institutions for accelerating the pace of development. Commercial banks have played a critical role in the economic development of a country. Now a day’s commercial banks are important not just from the point of view of economic growth‚ but also financial stability. In emerging economies‚ commercial banks are special for three important reasons. First‚ they take a leading role in developing other financial intermediaries and markets. Second‚ due to the absence
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Role of Commercial Banks in the Economic Development of a Country: Commercial banks are one of the three primary agents which help circulating funds in the market. Commercial banks provide loans and corporate bonds to the households‚ new start ups and small medium enterprises to run their businesses. It also obtains money from the households and invests that money to other profitable investments. The money held as customer account then accrues interest which is given to the customer in the form
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Economic Development - Changes in income‚ savings and investment along with progressive changes in socio-economic structure of country Economic Growth - Economic growth refers to an increase in the real output of goods and services in the country Globalisation refers to the integration between different countries and economies to operate as a single eco entity Can achieve eco growth by eco development How to achieve eco dev? Trade Patterns - What goods and services a country trades‚ with whom
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has been underscored that discount houses play very important roles in stimulating investments in the economy and in boosting the general operations of the money market. Not only do they serve as catalyst in the market‚ they are‚ on their own‚ large-scale investors in the money market as well. Their role in facilitating profitable open market operations is worth stressing (CBN‚ 2004; Ezirim‚ 2005). Notwithstanding these and other roles performed by discount houses in a typical economy‚ the Nigerian
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